Lesaka Applied sciences (LSAK) got here out with a quarterly lack of $0.08 per share versus the Zacks Consensus Estimate of a lack of $0.06. This compares to lack of $0.19 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -33.33%. 1 / 4 in the past, it was anticipated that this funds firm would submit a lack of $0.05 per share when it truly produced a lack of $0.06, delivering a shock of -20%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Lesaka Applied sciences
The sustainability of the inventory’s instant value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Lesaka Applied sciences shares have added about 40.4% for the reason that starting of the yr versus the S&P 500’s achieve of 15.2%.
What’s Subsequent for Lesaka Applied sciences?
Whereas Lesaka Applied sciences has outperformed the market thus far this yr, the query that involves buyers’ 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 buyers handle 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 recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Lesaka Applied sciences: blended. 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 #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 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 -$0.05 on $144.85 million in revenues for the approaching quarter and -$0.09 on $614.85 million in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Know-how Companies is at the moment within the high 28% 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 business, Accolade (ACCD), has but to report outcomes for the quarter ended August 2024.
This firm is anticipated to submit quarterly lack of $0.45 per share in its upcoming report, which represents a year-over-year change of -4.7%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Accolade’s revenues are anticipated to be $105.09 million, up 8.5% from the year-ago quarter.
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