Flux Energy Holdings, Inc. (FLUX) got here out with a quarterly lack of $0.16 per share versus the Zacks Consensus Estimate of a lack of $0.11. This compares to lack of $0.09 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -45.45%. 1 / 4 in the past, it was anticipated that this firm would publish a lack of $0.09 per share when it really produced a lack of $0.05, delivering a shock of 44.44%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Flux Energy
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Flux Energy shares have added about 17.8% for the reason that starting of the 12 months versus the S&P 500’s acquire of 8.8%.
What’s Subsequent for Flux Energy?
Whereas Flux Energy has outperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score software 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 development for Flux Energy: blended. 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’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably 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 -$0.04 on $18.85 million in revenues for the approaching quarter and -$0.32 on $67.99 million in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Electronics – Miscellaneous Merchandise is at the moment within the high 33% 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 other inventory from the identical trade, Greenland Applied sciences Holding Company (GTEC), has but to report outcomes for the quarter ended March 2024.
This firm is predicted to publish quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -72.7%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Greenland Applied sciences Holding Company’s revenues are anticipated to be $23 million, up 3.8% from the year-ago quarter.
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Free: See Our Top Stock And 4 Runners Up
Flux Power Holdings, Inc. (FLUX) : Free Stock Analysis Report
Greenland Technologies Holding Corporation (GTEC) : Free Stock Analysis Report
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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.
