Varex Imaging VREX unveils its next round of earnings this Thursday, February 04. Get prepared with Benzinga's ultimate preview for Varex Imaging's Q1 earnings.
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 analysts see Varex Imaging reporting a quarterly loss of $0.03 per share on sales of $172.10 million. Varex Imaging reported a profit of $0.21 per share when it published results during the same quarter last year. Sales in that period totaled $200.10 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
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.
If the company were to report earnings in line when it publishes results Thursday, earnings would be down 114.29%. Revenue would be down 13.99% from the same quarter last year. Varex Imaging's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.10 | -0.01 | 0.35 | 0.25 |
| EPS Actual | -0.04 | -0.20 | 0.12 | 0.21 |
| Revenue Estimate | 162.10 M | 171.09 M | 199.89 M | 189.87 M |
| Revenue Actual | 170.00 M | 171.20 M | 197.00 M | 200.10 M |
Stock Performance
Shares of Varex Imaging were trading at $19.68 as of February 02. Over the last 52-week period, shares are down 31.74%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Varex Imaging is scheduled to hold the call at 17:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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