Preview: Affimed's Earnings


On Thursday, April 15, Affimed AFMD will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, 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 are expecting Affimed's loss per share to be near $0.02 on sales of $18.75 million. In the same quarter last year, Affimed reported a loss per share of $0.21 on revenue of $4.33 million.

Why Analyst Estimates And Earnings Surprises Are Important

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.

If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be up 90.48%. Sales would be up 332.93% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.10 -0.16 -0.14 -0.19
EPS Actual -0.08 -0.18 -0.12 -0.21
Revenue Estimate 8.93 M 5.52 M 5.93 M 2.94 M
Revenue Actual 12.32 M 3.23 M 5.66 M 4.33 M

Stock Performance

Shares of Affimed were trading at $9.89 as of April 13. Over the last 52-week period, shares are up 358.8%. 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. Affimed is scheduled to hold the call at 08:30:00 ET and can be accessed here.

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