Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Sunlight Financial Holdings Inc. Shares have lost about 71.6% since the beginning of the year versus the S&P 500's decline of -16.2%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates just once over the last four quarters. This compares to year-ago revenues of $28.59 million. , which belongs to the Zacks Technology Services industry, posted revenues of $33.27 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 25.53%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced earnings of $0.01, delivering a surprise of -83.33%. This quarterly report represents an earnings surprise of -6.67%. These figures are adjusted for non-recurring items. This compares to loss of $0.15 per share a year ago. (SUNL) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.15.
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