Arcadia Biosciences (RKDA) got here out with a quarterly lack of $0.87 per share versus the Zacks Consensus Estimate of a lack of $0.77. This compares to lack of $1.83 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -12.99%. 1 / 4 in the past, it was anticipated that this agricultural biotechnology trait firm would submit earnings of $1.27 per share when it really produced earnings of $0.78, delivering a shock of -38.58%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Arcadia Biosciences
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Arcadia Biosciences shares have added about 35.5% for the reason that starting of the 12 months versus the S&P 500’s achieve of 25.8%.
What’s Subsequent for Arcadia Biosciences?
Whereas Arcadia Biosciences has outperformed the market thus far this 12 months, 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 handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Arcadia Biosciences: combined. Whereas the magnitude and route of estimate revisions may 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 consistent with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$0.50 on $1.45 million in revenues for the approaching quarter and -$1.70 on $5.41 million in revenues for the present fiscal 12 months.
Traders must be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Agriculture – Merchandise is presently within the backside 16% 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.
Compass Minerals (CMP), one other inventory within the broader Zacks Fundamental Supplies sector, has but to report outcomes for the quarter ended September 2024.
This minerals producer is predicted to submit quarterly lack of $0.47 per share in its upcoming report, which represents a year-over-year change of -683.3%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Compass Minerals’ revenues are anticipated to be $209.38 million, down 10.4% from the year-ago quarter.
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