Earnings Preview: i3 Verticals
i3 Verticals (NASDAQ: IIIV) unveils its next round of earnings this Thursday, November 19. 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
Wall Street analysts see i3 Verticals reporting earnings of $0.18 per share on revenue of $38.11 million. i3 Verticals EPS in the same period a year ago totaled $0.24. Revenue was $40.56 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 report earnings in line when it publishes results Thursday, earnings would be down 25.0%. Sales would be down 6.05% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.06 | 0.18 | 0.23 | 0.22 |
EPS Actual | 0.13 | 0.20 | 0.24 | 0.24 |
Revenue Estimate | 26.78 M | 35.64 M | 39.27 M | 38.20 M |
Revenue Actual | 31.60 M | 39.31 M | 41.11 M | 40.56 M |
Stock Performance
Shares of i3 Verticals were trading at $25.31 as of November 17. Over the last 52-week period, shares are up 14.93%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. i3 Verticals is scheduled to hold the call at 08:30:00 ET and can be accessed here.
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