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Fortress Transportation (NYSE:FTAI) announces its next round of earnings this Wednesday, July 28. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
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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 Fortress Transportation reporting a quarterly loss of $0.13 per share on sales of $113.48 million. In the same quarter last year, Fortress Transportation reported a loss per share of $0.18 on revenue of $94.31 million.
Why Analyst Estimates And Earnings Surprises Are Important
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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 27.78% increase in the company's earnings. Sales would be up 20.33% from the same quarter last year. Fortress Transportation's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.34 | -0.32 | -0.06 | -0.26 |
| EPS Actual | -0.40 | -0.70 | -0.30 | -0.18 |
| Revenue Estimate | 83.21 M | 88.05 M | 101.88 M | 93.14 M |
| Revenue Actual | 77.15 M | 75.64 M | 83.71 M | 94.31 M |
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 Fortress Transportation were trading at $29.51 as of July 26. Over the last 52-week period, shares are up 93.54%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Fortress Transportation is scheduled to hold the call at 08:00:00 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.