A Preview Of Textainer Group Holdings's Earnings
On Thursday, November 12, Textainer Group Holdings (NYSE: TGH) will release its latest earnings report. Benzinga's outlook for Textainer Group Holdings is included in the following report.
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
Based on management's projections, Textainer Group Holdings analysts model for earnings of $0.35 per share on sales of $149.50 million. In the same quarter last year, Textainer Group Holdings reported EPS of $0.22 on revenue of $154.66 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.
If the company were to match the consensus estimate when it reports Thursday, earnings would be up 59.09%. Revenue would be down 3.34% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.05 | 0.04 | 0.19 | 0.32 |
EPS Actual | 0.28 | 0.17 | 0.19 | 0.22 |
Revenue Estimate | 143.30 M | 149.80 M | 153.10 M | 156.80 M |
Revenue Actual | 144.77 M | 145.48 M | 151.56 M | 154.66 M |
Stock Performance
Shares of Textainer Group Holdings were trading at $15.61 as of November 10. Over the last 52-week period, shares are up 66.85%. 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. Textainer Group Holdings is scheduled to hold the call at 17:00:00 ET and can be accessed here.
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