Earnings Preview For Zovio

On Wednesday, July 28, Zovio ZVO will release its latest earnings report. Benzinga's outlook for Zovio is included in the following report.

Net Income, Earnings, 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

Sell-side analysts are expecting Zovio's loss per share to be near $0.05 on sales of $67.50 million. Zovio EPS in the same period a year ago totaled $0.24. Sales were $103.94 million.

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.

The analyst consensus estimate would represent a 120.83% decline in the company's EPS figure. Revenue would be down 35.06% from the year-ago period. Here is how the company's reported EPS has compared to analyst estimates in the past:

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

Shares of Zovio were trading at $2.65 as of July 26. Over the last 52-week period, shares are down 27.03%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Zovio is scheduled to hold the call at 17:00:00 ET and can be accessed here.