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Market Overview

Sogou Earnings Preview

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Sogou (NYSE: SOGO) announces its next round of earnings this Monday, November 16. Here is Benzinga's everything-that-matters guide for this Monday'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

Wall Street analysts see Sogou reporting earnings of $0.05 per share on sales of $306.65 million. Sogou EPS in the same period a year ago totaled $0.1. Revenue was $314.89 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 analyst consensus estimate would represent a 50.0% decline in the company's EPS figure. Revenue would be down 2.62% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.02 -0.08 0.08 0.07
EPS Actual -0.01 -0.08 0.10 0.10
Revenue Estimate 272.33 M 243.61 M 301.17 M 309.51 M
Revenue Actual 261.18 M 257.28 M 301.02 M 314.89 M

Stock Performance

Shares of Sogou were trading at $8.85 as of November 12. Over the last 52-week period, shares are up 76.34%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Sogou is scheduled to hold the call at 07:30:00 ET and can be accessed here.

 

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Posted-In: Earnings