Amer Movil (AMX) got here out with quarterly earnings of $0.11 per share, lacking the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.04 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -73.17%. 1 / 4 in the past, it was anticipated that this telecommunications firm would submit earnings of $0.20 per share when it really produced a lack of $0.02, delivering a shock of -110%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Amer Movil
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.
Amer Movil shares have misplaced about 11.7% because the starting of the yr versus the S&P 500’s acquire of twenty-two.9%.
What’s Subsequent for Amer Movil?
Whereas Amer Movil has underperformed the market to date this yr, the query that involves traders’ 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 traders handle 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 these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Amer Movil: favorable. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform 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 $0.61 on $11.99 billion in revenues for the approaching quarter and $1.39 on $47.83 billion in revenues for the present fiscal yr.
Buyers ought to be conscious of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Wi-fi Non-US is at present within the high 18% 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.
One different inventory from the identical trade, Millicom Worldwide Mobile SA (TIGO), is but to report outcomes for the quarter ended September 2024.
This firm is anticipated to submit quarterly earnings of $0.68 per share in its upcoming report, which represents a year-over-year change of +2366.7%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Millicom Worldwide Mobile SA’s revenues are anticipated to be $1.46 billion, up 2.2% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
