Market Overview

Earnings Outlook For Aceto

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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

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.

 

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Posted-In: Earnings News

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