Energous WATT announces its next round of earnings this Thursday, July 29. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts are predicting Energous will report a loss of $0.12 per share on revenue of $350.00 thousand. Energous EPS in the same period a year ago totaled $0.2. Sales were $114.38 thousand.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to match the consensus estimate when it reports Thursday, earnings would be up 40.0%. Revenue would be have grown 206.01% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.12 | -0.12 | -0.15 | -0.2 |
| EPS Actual | -0.14 | -0.15 | -0.18 | -0.2 |
| Revenue Estimate | 150.00 K | 170.00 K | 190.00 K | 100.00 K |
| Revenue Actual | 145.06 K | 90.00 K | 61.50 K | 114.38 K |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Over the last 52-week period, shares are down 27.06%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Energous is scheduled to hold the call at 16:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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