Harsco HSC announces its next round of earnings this Tuesday, November 03. Here is Benzinga's everything-that-matters guide for this Tuesday's Q3 earnings announcement.
What Are Earnings, Net Income, 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
Wall Street analysts see Harsco reporting earnings of $0.04 per share on sales of $474.08 million. Harsco EPS in the same period a year ago totaled $0.31. Sales were $423.15 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 87.1% decrease in the company's earnings. Sales would be up 12.03% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
|Quarter||Q2 2020||Q1 2020||Q4 2020||Q3 2019|
|Revenue Estimate||448.00 M||385.10 M||399.80 M||446.73 M|
|Revenue Actual||447.28 M||398.84 M||399.79 M||423.15 M|
Shares of Harsco were trading at $12.88 as of October 29. Over the last 52-week period, shares are down 41.73%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Harsco is scheduled to hold the call at 09:00:00 ET and can be accessed here.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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