A Preview Of Cryolife's Earnings

Cryolife CRY announces its next round of earnings this Wednesday, November 04. Here is Benzinga's everything-that-matters guide for this Wednesday's Q3 earnings announcement.

Net Income, Earnings, 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 expects an EPS loss of $0.04 and sales around $59.24 million. Cryolife EPS in the same period a year ago totaled $0.06. Revenue was $67.88 million.

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 report earnings in line when it publishes results Wednesday, earnings would be down 166.67%. Sales would be down 12.73% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.14 0.02 0.08 0.05
EPS Actual -0.02 -0.08 0.10 0.06
Revenue Estimate 50.47 M 66.42 M 70.82 M 68.42 M
Revenue Actual 53.77 M 66.43 M 69.70 M 67.88 M

Stock Performance

Over the last 52-week period, shares are down 22.77%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

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

Posted In: Earnings