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Skyline Champion's Earnings: A Preview

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Skyline Champion (NYSE:SKY) announces its next round of earnings this Monday, February 01. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

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

Wall Street expects EPS of $0.24 and sales around $348.24 million. In the same quarter last year, Skyline Champion reported earnings per share of $0.32 on sales of $342.24 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 25.0% decrease for the company. Sales would be have grown 1.75% from the same quarter last year. Skyline Champion's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2020
EPS Estimate 0.23 0.04 0.22 0.31
EPS Actual 0.31 0.22 0.14 0.32
Revenue Estimate 319.45 M 247.91 M 312.39 M 358.36 M
Revenue Actual 322.37 M 273.29 M 301.14 M 342.24 M

Stock Performance

Shares of Skyline Champion were trading at $32.72 as of January 28. Over the last 52-week period, shares are up 12.8%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Skyline Champion is scheduled to hold the call at 08:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings