Amdocs DOX is slated to launch second-quarter 2021 outcomes on Could 12.
For the second quarter, revenues are anticipated between $1.015 billion and $1.055 billion. The Zacks Consensus Estimate for revenues is pegged at $1.040 billion, indicating a year-over-year decline of 1%.
Furthermore, non-GAAP earnings are projected at $1.09-$1.15 per share, whereas the consensus mark is pegged at $1.14 per share, suggesting an enchancment of 5.56% from the year-ago quarter’s reported determine.
Amdocs’ earnings beat estimates within the trailing 4 quarters, the typical shock being 2.45%.
Let’s see how issues have formed up previous to the upcoming announcement.
Amdocs Restricted Worth and EPS Shock
Amdocs Restricted price-eps-surprise | Amdocs Restricted Quote
Components to Think about
Amdocs’ second-quarter efficiency is anticipated to have benefited from continued deal wins with main telecom firms. Notably, demand for the corporate’s cloud-managed providers is on the rise from service supplier prospects to help their technological transformations within the wave of 5G developments. That is anticipated to get mirrored within the upcoming quarterly outcomes.
Furthermore, a constructive sequential tailwind of roughly $Four million from overseas change fluctuations is anticipated to have boosted the highest line within the second quarter.
Additional, the long-term strategic digital transformation partnership with T-Cellular (T) has confirmed to be a constant progress booster for the previous few quarters. Furthermore, within the final quarter, the corporate signed a brand new multi-year cope with T-Cellular, additional strengthening the partnership. The contributions from this partnership are anticipated to have benefited Amdocs’ efficiency within the quarter beneath evaluate.
What Our Mannequin Says
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Amdocs this season. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the probabilities of an earnings beat. However that’s not the case right here. You’ll be able to uncover the perfect shares to purchase or promote, earlier than they’re reported, with our Earnings ESP Filter.
Amdocs presently has a Zacks Rank of three and an Earnings ESP of 0.00%.
Shares With Favorable Combos
Listed below are some firms, which, per our mannequin, have the appropriate mixture of parts to publish an earnings beat of their upcoming releases:
Fb, Inc. FB has an Earnings ESP of +1.25% and presently, a Zacks Rank of 1. You’ll be able to see the whole record of right now’s Zacks #1 Rank shares right here.
CACI Worldwide CACI has an Earnings ESP of +4.86% and a Zacks Rank of two, at current.
Apple Inc. AAPL has an Earnings ESP of +1.97% and a Zacks Rank of two, presently.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.