Volt Information Sciences VOLT releases its next round of earnings this Tuesday, June 15. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street analysts see Volt Information Sciences reporting a loss of $0.01 per share on revenue of $221.00 million. In the same quarter last year, Volt Information Sciences reported a loss per share of $0.23 on sales of $207.28 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street consensus estimate for earnings would represent a 95.65% increase for the company. Sales would be up 6.62% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2021 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.19 | 0.01 | -0.21 | -0.41 |
| EPS Actual | -0.08 | 0.11 | -0.09 | -0.23 |
| Revenue Estimate | 210.50 M | 205.50 M | 184.50 M | 209.50 M |
| Revenue Actual | 217.96 M | 211.07 M | 185.94 M | 207.28 M |
Stock Performance
Over the last 52-week period, shares are up 198.47%. 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. Volt Information Sciences is scheduled to hold the call at 17:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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