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Market Overview

Earnings Outlook for Conformis

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Conformis (NASDAQ: CFMS) releases its next round of earnings this Wednesday, November 04. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.

What Are Earnings, Net Income, 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

Based on management's projections, Conformis analysts modeled for a loss of $0.12 per share on sales of $14.42 million. Conformis reported a per-share loss of $0.13 when it published results during the same quarter last year. Sales in that period totaled $17.30 million.

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 match the consensus estimate when it reports Wednesday, earnings would be up 7.69%. Revenue would be down 16.66% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.10 -0.10 -0.10 -0.11
EPS Actual -0.03 -0.14 -0.08 -0.13
Revenue Estimate 12.43 M 18.25 M 20.20 M 17.80 M
Revenue Actual 19.47 M 16.48 M 19.89 M 17.30 M

Stock Performance

Over the last 52-week period, shares are down 65.86%. 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. Conformis is scheduled to hold the call at 16:30:00 ET and can be accessed here.

 

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Posted-In: Earnings