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Market Overview

A Preview Of electroCore's Earnings

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On Thursday, November 12, electroCore (NASDAQ: ECOR) 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 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

Analysts are predicting electroCore will report a loss of $0.14 per share on revenue of $940.00 thousand. electroCore's loss in the same period a year ago was $0.35 per share. Quarterly sales came in at $683.00 thousand.

Why Analyst Estimates And Earnings Surprises Are Important

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.

If the company were to match the consensus estimate, earnings would be up 60.0%. Sales would be up 37.63% from the same quarter last year. electroCore'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 -0.21 -0.23 -0.29 -0.31
EPS Actual -0.13 -0.27 -0.29 -0.35
Revenue Estimate 860.00 K 800.00 K 750.00 K 1.21 M
Revenue Actual 753.00 K 733.80 K 675.00 K 683.00 K

Stock Performance

Over the last 52-week period, shares are up 7.59%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

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

 

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Posted-In: Earnings