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On Thursday, March 25, Viomi Technology Co (NASDAQ:VIOT) will release its latest earnings report. Here is Benzinga's outlook for the company.
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What Are Earnings, Net Income, 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
Wall Street analysts see Viomi Technology Co reporting earnings of $0.14 per share on sales of $305.47 million. In the same quarter last year, Viomi Technology Co reported earnings per share of $0.18 on sales of $250.17 million.
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Why Analyst Estimates And Earnings Surprises Are Important
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.
If the company were to match the consensus estimate when it reports Thursday, EPS would have fallen 22.22%. Sales would be up 22.1% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.10 | 0.08 | 1.37 |
| EPS Actual | 0.07 | 0.02 | 0.04 | 0.18 |
| Revenue Estimate | 231.12 M | 190.37 M | 101.57 M | 1.47 B |
| Revenue Actual | 218.97 M | 238.41 M | 108.11 M | 250.17 M |
Stock Performance
Shares of Viomi Technology Co were trading at $12.3 as of March 23. Over the last 52-week period, shares are up 147.27%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Viomi Technology Co is scheduled to hold the call at 08:30:00 ET and can be accessed here.
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.