Resolute Forest Products RFP will be releasing its next round of earnings this Thursday, July 29. For all of the relevant information, here is your guide for 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 expect Resolute Forest Products earnings of $3.06 per share. Revenue will likely be around $967.00 million, according to the consensus estimate. In the same quarter last year, Resolute Forest Products announced EPS of $0.25 on revenue of $612.00 million.
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.
The analyst consensus estimate would represent a 1324.0% increase in the company's earnings. Revenue would be up 58.01% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.66 | 0.53 | 0.77 | -0.31 |
| EPS Actual | 1.45 | 0.55 | 0.72 | -0.25 |
| Revenue Estimate | 872.50 M | 743.50 M | 778.00 M | 628.00 M |
| Revenue Actual | 873.00 M | 769.00 M | 730.00 M | 612.00 M |
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Stock Performance
Shares of Resolute Forest Products were trading at $11.36 as of July 27. Over the last 52-week period, shares are up 227.64%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Resolute Forest Products is scheduled to hold the call at 09:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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