The questionUanterix Corporation (QTRX) came out with a quarterly loss of $ 0.49 per share compared to Sachs ’consensus estimate of a loss of $ 0.67. That’s compared to a loss of $ 0.29 per share a year ago. These figures have been adjusted for unique articles.
This quarterly report represents an unexpected profit of 26.87%. A quarter ago it was expected that this company would lose $ 0.69 per share when it actually brought in a loss of $ 0.55, which caused a surprise of 20.29%.
Over the past four quarters, the company has twice exceeded EPS consensus estimates.
The sustainability of immediate stock price movements, based on recently released figures and expectations of future earnings, will largely depend on management comments to earnings call.
Shares of Quanterix Corporation have lost about 56.4% since the beginning of the year compared to a decline in the S&P 500 by -16.3%.
What’s next for Quanterix Corporation?
Despite the fact that this year the corporation Quanterix did not have time to work in the market, investors have a question: what will happen to the stock?
There are no simple answers to this key question, but one reliable measure that can help investors solve this problem is the company’s profit forecast. This not only includes current consensus revenue expectations for the next quarter (s), but also how those expectations have changed recently.
Empirical studies show a strong correlation between upcoming stock movements and trends in earnings revisions. Investors can track such reviews on their own or rely on a tried and tested rating tool such as Zacks Rank, which has an impressive experience using the opportunity to view earnings estimates.
Ahead of that profit release, the trend of revision estimates for Quanterix Corporation: ambiguous. While the magnitude and direction of valuation revisions may change following the company’s just-published earnings report, the current status is converted to a Zacks rating of № 3 (Content) for stocks. Thus, in the near future it is expected that the shares will operate in line with the market. You can see The full list of today’s shares of Zacks # 1 rank (strong buy) is here.
It will be interesting to see how estimates change for the coming quarters and the current fiscal year in the coming days. EPS’s current consensus estimate is -0.66 dollars with revenue of $ 30.41 million for the next quarter and $ -2.62 with revenue of $ 129.17 million for the current fiscal year.
Investors need to keep in mind that the industry’s outlook can also have a significant impact on stock performance. In terms of the Zacks industry, healthcare products are currently in the last 34% among the 250 Zacks industries. Our study shows that the top 50% of industries included in the Zacks rankings outperform the bottom 50% by more than 2: 1.
Another stock of the same industry, Veru Inc. (VERU) has not yet reported results for the quarter ended March 2022. The results are expected to be released on May 12.
The company is expected to post a quarterly loss of $ 0.16 per share in its future report, a change from last year of -300%. The consensus estimate of EPS for the quarter was revised by 6.2% below the last 30 days to the current level.
It is expected that the profits of Veru Inc. will be $ 15.18 million, up 13.8% from the same quarter last year.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
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