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Aceto (NASDAQ:ACET) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Aceto's Q3 earnings.
Earnings and Revenue
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Based on Aceto management projections, analysts predict EPS of 26 cents per share on revenue of $180.1 million.
In the same quarter last year, Aceto posted EPS of 39 cents on sales of $190.1 million. If the company were to report inline earnings when it publishes results Thursday, earnings would be down 33.33 percent. Revenue would be down 5.26 percent on a year-over-year basis. Aceto's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
| EPS Estimate | 0.23 | 0.3 | 0.44 | 0.44 |
| EPS Actual | 0.22 | 0.3 | 0.27 | 0.39 |
Stock Performance
Over the last 52-week period, shares are down 85.06 percent. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Aceto. The strength of this rating has maintained conviction over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.