iMedia Brands (NASDAQ:IMBI) unveils its next round of earnings this Tuesday, March 23. Here is Benzinga's everything-that-matters guide for the earnings announcement.
Net Income, Earnings, 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
Based on iMedia Brands management projections, analysts predict EPS of $0.22 on revenue of $124.59 million. iMedia Brands reported a loss of $2.3 when it published results during the same quarter last year. Sales in that period totaled $123.64 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 analyst consensus estimate would represent a 90.43% increase in the company's EPS figure. Revenue would be up 0.77% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
Shares of iMedia Brands were trading at $8.39 as of March 19. Over the last 52-week period, shares are up 344.59%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. iMedia Brands is scheduled to hold the call at 08:30:00 ET and can be accessed here.
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