Duos Applied sciences Group, Inc. (DUOT) got here out with a quarterly lack of $0.24 per share versus the Zacks Consensus Estimate of a lack of $0.25. This compares to lack of $0.41 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 4%. 1 / 4 in the past, it was anticipated that this firm would put up a lack of $0.31 per share when it truly produced a lack of $0.43, delivering a shock of -38.71%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Duos Applied sciences Group, Inc.
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Duos Applied sciences Group, Inc. Shares have added about 51% because the starting of the yr versus the S&P 500’s acquire of 23.6%.
What’s Subsequent for Duos Applied sciences Group, Inc.
Whereas Duos Applied sciences Group, Inc. Has outperformed the market to this point this yr, the query that involves buyers’ 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 buyers 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 currently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Duos Applied sciences Group, Inc. 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 according to 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 yr change within the days forward. The present consensus EPS estimate is -$0.10 on $6.8 million in revenues for the approaching quarter and -$1.15 on $12.19 million in revenues for the present fiscal yr.
Buyers needs to be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Expertise Companies is at present within the high 27% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Marvell Expertise (MRVL), has but to report outcomes for the quarter ended October 2024. The outcomes are anticipated to be launched on December 3.
This chipmaker is anticipated to put up quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -2.4%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Marvell Expertise’s revenues are anticipated to be $1.45 billion, up 2.5% from the year-ago quarter.
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