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Market Overview

Earnings Preview: Cooper Companies

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On Thursday, December 03, Cooper Companies (NYSE:COO) will release its latest earnings report. Here is Benzinga's outlook for the company.

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

Analysts covering Cooper Companies modeled for quarterly EPS of $3.09 on revenue of $676.28 million. Cooper Companies earnings in the same period a year ago was $3.3 per share. Quarterly sales came in at $691.60 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.

The Wall Street consensus estimate for earnings would represent a 6.36% decrease for the company. Revenue would be down 2.22% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 1.52 2.90 2.71 3.27
EPS Actual 2.28 1.51 2.69 3.30
Revenue Estimate 535.66 M 659.59 M 648.04 M 684.54 M
Revenue Actual 578.20 M 524.90 M 646.20 M 691.60 M

Stock Performance

Shares of Cooper Companies were trading at $333.76 as of December 01. Over the last 52-week period, shares are up 6.31%. 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. Cooper Companies is scheduled to hold the call at 17:00:00 ET and can be accessed here.

 

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Posted-In: Earnings