AirSculpt Applied sciences, Inc. (AIRS) got here out with quarterly earnings of $0.03 per share, lacking the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.10 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -62.50%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.11 per share when it truly produced earnings of $0.01, delivering a shock of -90.91%.
Over the past 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
AirSculpt Applied sciences
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
AirSculpt Applied sciences shares have misplaced about 28% for the reason that starting of the yr versus the S&P 500’s acquire of 9.3%.
What’s Subsequent for AirSculpt Applied sciences?
Whereas AirSculpt Applied sciences has underperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for AirSculpt Applied sciences: blended. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.16 on $60.92 million in revenues for the approaching quarter and $0.48 on $219.08 million in revenues for the present fiscal yr.
Buyers ought to be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as effectively. When it comes to the Zacks Trade Rank, Know-how Companies is at the moment within the prime 30% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Bitfarms Ltd. (BITF), one other inventory in the identical business, has but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Could 13.
This firm is anticipated to put up quarterly lack of $0.03 per share in its upcoming report, which represents a year-over-year change of -200%. The consensus EPS estimate for the quarter has been revised 11.1% decrease over the past 30 days to the present stage.
Bitfarms Ltd.’s revenues are anticipated to be $50.51 million, up 68.1% from the year-ago quarter.
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AirSculpt Technologies, Inc. (AIRS) : Free Stock Analysis Report
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