OTC Markets Group Inc. (OTCM) got here out with qua
OTC Markets Group Inc. (OTCM) got here out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.32 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 37.14%. 1 / 4 in the past, it was anticipated that this firm would publish earnings of $0.33 per share when it truly produced earnings of $0.37, delivering a shock of 12.12%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
OTC Markets Group Inc.Which belongs to the Zacks Securities and Exchanges business, posted revenues of $19.78 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 14.46%. This compares to year-ago revenues of $15.43 million. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s instant worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
OTC Markets Group Inc. Shares have added about 17.7% because the starting of the yr versus the S&P 500’s acquire of 5.7%.
What’s Subsequent for OTC Markets Group Inc.
Whereas OTC Markets Group Inc. Has outperformed the market to date 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 embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for OTC Markets Group Inc. Was favorable. 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 #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the entire listing of right this moment’s Zacks #1 Rank (Robust Purchase) shares right 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 $0.36 on $17.03 million in revenues for the approaching quarter and $1.50 on $68.89 million in revenues for the present fiscal yr.
Buyers needs to be conscious of the truth that the outlook for the business can have a cloth impression on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Securities and Exchanges is at the moment within the high 45% 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.
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OTC Markets Group Inc. (OTCM): Free Inventory Evaluation 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.