Earnings Preview: Neenah
On Tuesday, November 03, Neenah (NYSE: NP) will release its latest earnings report. Benzinga's outlook for Neenah is included in the following report.
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
Neenah earnings will be near $0.26 per share on sales of $182.87 million, according to analysts. In the same quarter last year, Neenah announced EPS of $0.95 on revenue of $231.80 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 match the consensus estimate when it reports Tuesday, EPS would have fallen 72.63%. Revenue would have fallen 21.11% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:
EPS Estimate | -0.12 | 0.90 | 0.80 | 0.87 |
EPS Actual | -0.08 | 1.12 | 0.87 | 0.95 |
Revenue Estimate | 154.03 M | 231.83 M | 222.99 M | 246.50 M |
Revenue Actual | 161.40 M | 233.60 M | 213.60 M | 231.80 M |
Stock Performance
Shares of Neenah were trading at $37.55 as of October 29. Over the last 52-week period, shares are down 44.14%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Neenah is scheduled to hold the call at 11:00:00 ET and can be accessed here.
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