Summit Wireless WISA releases its next round of earnings this Tuesday, August 10. Here is Benzinga's essential guide to Summit Wireless's Q2 earnings report.
Net Income, Earnings, 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
Analysts are expecting Summit Wireless to report a loss of $-0.28 per share. Revenue will likely be around $1.21 million, according to the consensus estimate. In the same quarter last year, Summit Wireless reported a loss per share of $0.9 on revenue of $348.00 thousand.
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 Wall Street estimate would represent a 68.89% increase in the company's earnings. Sales would be up 247.7% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.30 | -0.36 | -0.30 | -0.4 |
| EPS Actual | -0.33 | -0.32 | -0.39 | -0.9 |
| Revenue Estimate | 1.26 M | 930.00 K | 500.00 K | 210.00 K |
| Revenue Actual | 1.15 M | 1.00 M | 607.00 K | 348.00 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
Shares of Summit Wireless were trading at $3.6 as of August 06. Over the last 52-week period, shares are up 58.01%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Summit Wireless is scheduled to hold the call at 11:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
