Encore Wire WIRE unveils its next round of earnings this Tuesday, February 16. Here is Benzinga's everything-that-matters guide for the 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
Sell-side analysts expect Encore Wire's EPS to be near $0.68 on sales of $334.19 million. Encore Wire reported a per-share profit of $0.5 when it published results during the same quarter last year. Sales in that period totaled $302.25 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.
The Wall Street consensus estimate for earnings would represent a 36.0% increase for the company. Sales would be up 10.57% on a year-over-year basis. Encore Wire's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
---|---|---|---|---|
EPS Estimate | 0.75 | 0.7 | 0.47 | 0.82 |
EPS Actual | 1.02 | 0.6 | 0.89 | 0.50 |
Revenue Estimate | 337.78 M | 283.06 M | 297.47 M | 308.30 M |
Revenue Actual | 339.70 M | 253.63 M | 302.79 M | 302.25 M |
Stock Performance
Over the last 52-week period, shares of Encore Wire are up 14.9%.
Do not be surprised to see the stock move on comments made during its conference call. Encore Wire is scheduled to hold the call at 11:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.