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On Tuesday, November 03, Barrett Business Services (NASDAQ: BBSI) will release its latest earnings report. Here is Benzinga's outlook for the company.
What Are Earnings, Net Income, 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 Barrett Business Services reporting earnings of $1.47 per share on sales of $224.72 million. Barrett Business Services reported a profit of $3.24 per share when it published results during the same quarter last year. Sales in that period totaled $247.96 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 Tuesday, quarterly profit would be down 54.63%. Sales would be down 9.37% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:
Over the past 52-week period, shares of Barrett Business Services have declined 31.24%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Barrett Business Services is scheduled to hold the call at 12:00:00 ET and can be accessed here.
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