On Wednesday, August 11, pdvWireless ATEX will release its latest earnings report. Check out Benzinga's preview to understand the implications.
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
pdvWireless EPS will likely be near $-0.63 while revenue will be around $150.00 thousand, according to analysts. pdvWireless EPS in the same period a year ago totaled $0.88. Revenue was $256.00 thousand.
Why Analyst Estimates And Earnings Surprises Are Important
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 report earnings in line when it publishes results Wednesday, quarterly profit would be up 28.41%. Revenue would have fallen 41.41% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.66 | -0.70 | -0.56 | -0.54 |
| EPS Actual | -0.62 | -0.69 | -0.94 | -0.88 |
| Revenue Estimate | 130.00 K | 140.00 K | 490.00 K | 360.00 K |
| Revenue Actual | 181.00 K | 236.00 K | 248.00 K | 256.00 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 up 36.15%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. pdvWireless is scheduled to hold the call at 16:45:00 ET and can be accessed here.
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