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Switch Q3 Earnings Preview

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Benzinga Newsdesk
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Switch (NYSE: SWCH) announces its next round of earnings this Thursday, November 7. Here's Benzinga's look at Switch's Q3 earnings report.

Earnings and Revenue

Switch EPS is expected to be around 4 cents, according to sell-side analysts. Sales will likely be near $113.18 million.

View more earnings on SWCH

In the same quarter last year, Switch reported a breakeven bottom-line number on revenue of $102.77 million. Sales would be have grown 10.13% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter

Q2 2019

Q1 2019

Q4 2018

Q3 2018

EPS Estimate

0.050

0.040

0.03

0.04

EPS Actual

0.040

0.010

0.05

0

Stock Performance

Over the last 52-week period, shares are up 52.82%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Switch stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Switch is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://investors.switch.com/events-and-presentations

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