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Market Overview

Earnings Outlook for Resonant

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On Tuesday, November 10, Resonant (NASDAQ: RESN) will release its latest earnings report. Benzinga's outlook for Resonant is included in the following 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, Resonant analysts modeled for a loss of $0.1 per share on sales of $1.16 million. Resonant reported a per-share loss of $0.26 when it published results during the same quarter last year. Sales in that period totaled $79.00 thousand.

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 61.54% increase in the company's EPS figure. Sales would be up 1368.35% from the same quarter last year. Resonant'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 -0.12 -0.13 -0.19 -0.20
EPS Actual -0.14 -0.18 -0.24 -0.26
Revenue Estimate 540.00 K 600.00 K 280.00 K 330.00 K
Revenue Actual 604.00 K 544.00 K 459.00 K 79.00 K

Stock Performance

Over the last 52-week period, shares are up 8.68%. 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. Resonant is scheduled to hold the call at 16:30:00 ET and can be accessed here.

 

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Posted-In: Earnings