Atento (ATTO) got here out with a quarterly lack of $0.09 per share versus the Zacks Consensus Esti
Atento (ATTO) got here out with a quarterly lack of $0.09 per share versus the Zacks Consensus Estimate of a lack of $0.23. This compares to earnings of $0.15 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 60.87%. 1 / 4 in the past, it was anticipated that this buyer relationship administration and enterprise course of outsourcing providers firm would submit a lack of $0.70 per share when it truly produced a lack of $0.14, delivering a shock of 80%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Atento, which belongs to the Zacks Outsourcing trade, posted revenues of $352.70 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 4.32%. This compares to year-ago revenues of $412.30 million. The corporate has topped consensus income estimates 3 times during the last 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Atento shares have misplaced about 31.7% because the starting of the 12 months versus the S&P 500’s acquire of 9.7%.
What’s Subsequent for Atento?
Whereas Atento has underperformed the market thus far this 12 months, 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 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. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful observe report of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Atento was unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the entire checklist of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to 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 $0.09 on $356.10 million in revenues for the approaching quarter and -$1.35 on $1.39 billion 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 fabric affect on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Outsourcing is presently within the prime 25% 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.
Need the newest suggestions from Zacks Funding Analysis? Right now, you possibly can obtain 7 Finest Shares for the Subsequent 30 Days. Click on to get this free report
Atento S.A. (ATTO): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
Zacks Funding Analysis
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.