Earnings Preview For MRC Global

On Thursday, July 29, MRC Global MRC will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

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

MRC Global EPS is expected to be around $0.04, according to sell-side analysts. Sales will likely be near $659.20 million. In the same quarter last year, MRC Global reported EPS of $0.1 on revenue of $602.00 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

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 analyst consensus estimate would represent a 140.0% increase in the company's earnings. Revenue would be up 9.5% on a year-over-year basis. Here is how the company's EPS has stacked up against 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

Over the last 52-week period, shares of MRC Global are up 48.77%.

Do not be surprised to see the stock move on comments made during its conference call. MRC Global is scheduled to hold the call at 10:00:00 ET and can be accessed here.