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A Preview Of Staffing 360 Solutions's Earnings

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On Tuesday, November 10, Staffing 360 Solutions (NASDAQ: STAF) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

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

Wall Street expects an EPS loss of $0.21 and sales around $52.45 million. Staffing 360 Solutions reported a per-share loss of $0.2 when it published results during the same quarter last year. Sales in that period totaled $67.32 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.

The Wall Street consensus estimate for earnings would represent a 5.0% decrease for the company. Sales would have fallen 22.09% from the same quarter last year. 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 -0.33 -0.28 -0.28 -0.02
EPS Actual -0.59 -0.43 -0.29 -0.20
Revenue Estimate 42.78 M 66.06 M 66.06 M 79.73 M
Revenue Actual 43.36 M 58.70 M 63.83 M 67.32 M

Stock Performance

Over the last 52-week period, shares are up 21.19%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Staffing 360 Solutions is scheduled to hold the call at 09:00:00 ET and can be accessed here.

 

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Posted-In: Earnings