ATN Worldwide (ATNI) got here out with a quarterly lack of $0.10 per share versus the Zacks Consensus Estimate of a lack of $0.16. This compares to lack of $0.24 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 37.50%. 1 / 4 in the past, it was anticipated that this supplier of telecommunications companies would publish a lack of $0.26 per share when it really produced earnings of $0.50, delivering a shock of 292.31%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
ATN Worldwide
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
ATN Worldwide shares have misplaced about 18.8% for the reason that starting of the 12 months versus the S&P 500’s acquire of twenty-two.1%.
What’s Subsequent for ATN Worldwide?
Whereas ATN Worldwide has underperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for ATN Worldwide: favorable. Whereas the magnitude and path of estimate revisions might 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 may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.07 on $187.27 million in revenues for the approaching quarter and $0.09 on $743.01 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 impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Wi-fi Nationwide is at the moment within the high 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.
Gogo (GOGO), one other inventory in the identical business, has but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 5.
This in-flight web supplier is anticipated to publish quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of -68.8%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Gogo’s revenues are anticipated to be $96.95 million, down 1% from the year-ago quarter.
Ought to You Spend money on ATN Worldwide, Inc. (ATNI)?
Earlier than you put money into ATN Worldwide, Inc. (ATNI), wish to know one of the best shares to purchase for the following 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering traders with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by means of Might 6, 2024.)
ATN International, Inc. (ATNI) : Free Stock Analysis Report
Gogo Inc. (GOGO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
