VIQ SOLUTIONS (VQS) got here out with a quarterly lack of $0.42 per share versus the Zacks Consensus Estimate of a lack of $0.05. This compares to lack of $0.07 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -740%. 1 / 4 in the past, it was anticipated that this firm would submit a lack of $0.05 per share when it truly produced a lack of $0.07, delivering a shock of -40%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
VIQ SOLUTIONS, which belongs to the Zacks Expertise Companies business, posted revenues of $8.19 million for the quarter ended June 2021, lacking the Zacks Consensus Estimate by 9.13%. This compares to year-ago revenues of $8.25 million. The corporate has topped consensus income estimates two occasions during the last 4 quarters.
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
VIQ SOLUTIONS shares have added about 6.8% because the starting of the 12 months versus the S&P 500’s acquire of 19%.
What’s Subsequent for VIQ SOLUTIONS?
Whereas VIQ SOLUTIONS has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders 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 recently.
Empirical analysis reveals 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 ranking device just like the Zacks Rank, which has a formidable observe file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for VIQ SOLUTIONS was unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the entire record of at the 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 -$0.03 on $9.39 million in revenues for the approaching quarter and -$0.14 on $36.9 million in revenues for the present fiscal 12 months.
Traders must be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Expertise Companies is presently within the backside 13% 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.
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Every was handpicked by a Zacks skilled because the #1 favourite inventory to realize +100% or extra in 2021. Earlier suggestions have soared +143.0%, +175.9%, +498.3% and +673.0%.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.