Phunware (PHUN) got here out with a quarterly lack
Phunware (PHUN) got here out with a quarterly lack of $0.18 per share versus the Zacks Consensus Estimate of a lack of $0.09. This compares to lack of $0.10 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -100%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.07 per share when it really produced a lack of $0.10, delivering a shock of -42.86%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Phunware, which belongs to the Zacks Web – Software program trade, posted revenues of $2.02 million for the quarter ended December 2020, lacking the Zacks Consensus Estimate by 34.90%. This compares to year-ago revenues of $2.69 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Phunware shares have added about 52.4% for the reason that starting of the 12 months versus the S&P 500’s acquire of three.5%.
What’s Subsequent for Phunware?
Whereas Phunware has outperformed the market to date 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 embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a powerful observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Phunware was blended. Whereas the magnitude and path of estimate revisions might 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 whole checklist of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right 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 -$0.09 on $3.25 million in revenues for the approaching quarter and -$0.31 on $15.5 million in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Web – Software program is presently within the backside 31% 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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Phunware, Inc. (PHUN): Free Inventory Evaluation Report
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