Market Overview

Earnings Preview for Flexible Solutions

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Flexible Solutions (AMEX: FSI) announces its next round of earnings this Friday, November 13. Here is Benzinga's everything-that-matters guide for this Friday's Q3 earnings announcement.

Net Income, Earnings, 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

Based on Flexible Solutions management projections, analysts predict EPS of $0.08 on revenue of $8.11 million. In the same quarter last year, Flexible Solutions reported earnings per share of $0.03 on sales of $7.40 million.

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.

If the company were to post earnings in line with the consensus estimate when it reports Friday, EPS would be up 166.67%. Revenue would be have grown 9.55% 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 0.05 0.06 0.06 0.05
EPS Actual 0.09 0.10 0.04 0.03
Revenue Estimate 7.61 M 7.87 M 8.01 M 7.90 M
Revenue Actual 7.71 M 8.43 M 4.79 M 7.40 M

Stock Performance

Shares of Flexible Solutions were trading at $2.75 as of November 10. Over the last 52-week period, shares are up 8.76%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Flexible Solutions is scheduled to hold the call at 11:00:00 ET and can be accessed here.

 

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Posted-In: Earnings