We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Countdown to ACV Auctions (ACVA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
The upcoming report from ACV Auctions Inc. (ACVA - Free Report) is expected to reveal quarterly earnings of $0.01 per share, indicating an increase of 133.3% compared to the year-ago period. Analysts forecast revenues of $144.14 million, representing an increase of 20.5% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ACV Auctions metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Customer assurance' to reach $17.71 million. The estimate indicates a change of +20% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Marketplace and service' reaching $127.55 million. The estimate indicates a change of +21.6% from the prior-year quarter.
Analysts expect 'Marketplace Units' to come in at 174,807. The estimate is in contrast to the year-ago figure of 151,563.
Shares of ACV Auctions have demonstrated returns of -3.3% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), ACVA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Countdown to ACV Auctions (ACVA) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from ACV Auctions Inc. (ACVA - Free Report) is expected to reveal quarterly earnings of $0.01 per share, indicating an increase of 133.3% compared to the year-ago period. Analysts forecast revenues of $144.14 million, representing an increase of 20.5% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ACV Auctions metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Customer assurance' to reach $17.71 million. The estimate indicates a change of +20% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Marketplace and service' reaching $127.55 million. The estimate indicates a change of +21.6% from the prior-year quarter.
Analysts expect 'Marketplace Units' to come in at 174,807. The estimate is in contrast to the year-ago figure of 151,563.
View all Key Company Metrics for ACV Auctions here>>>
Shares of ACV Auctions have demonstrated returns of -3.3% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), ACVA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>