A Preview Of ASGN's Earnings

On Wednesday, October 28, ASGN ASGN will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on ASGN management projections, analysts predict EPS of $1.11 on revenue of $933.64 million. ASGN EPS in the same period a year ago totaled $1.31. Revenue was $1.00 billion.

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.

If the company were to report earnings in line when it publishes results Wednesday, earnings would be down 15.27%. Revenue would be down 6.92% from the same quarter last year. ASGN's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.87 0.84 1.23 1.23
EPS Actual 1.17 1.08 1.28 1.31
Revenue Estimate 898.89 M 943.09 M 1.00 B 998.25 M
Revenue Actual 936.80 M 990.50 M 1.02 B 1.00 B

Stock Performance

Over the last 52-week period, shares are up 5.0%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. ASGN is scheduled to hold the call at 16:30:00 ET and can be accessed here.

Posted In: Earnings

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