Riot Blockchain, Inc. (RIOT - Free Report) will report fourth-quarter 2020 results on Feb 25, after the bell. The company posted an earnings surprise of 17.5% in the last-reported quarter.
Q4 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.84 billion, indicating 11.5% sequential decline. Reduction in gain on sale of loans is likely to be the major contributor toward the sequential top-line decline. The consensus estimate for revenues from gain on sale of loans is pegged at $3.54 billion, indicating 17.2% sequential decline. The consensus estimate for earnings is pegged at 83 cents, indicating sequential decrease of 31.4%.
What Our Model Says
Our proven model does not predict an earnings beat for Riot Blockchain this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Riot Blockchain has an Earnings ESP of 0.00% and a Zacks Rank #2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Some Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
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Riot Blockchain, Inc. (RIOT - Free Report) will report fourth-quarter 2020 results on Feb 25, after the bell. The company posted an earnings surprise of 17.5% in the last-reported quarter.
Q4 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.84 billion, indicating 11.5% sequential decline. Reduction in gain on sale of loans is likely to be the major contributor toward the sequential top-line decline. The consensus estimate for revenues from gain on sale of loans is pegged at $3.54 billion, indicating 17.2% sequential decline. The consensus estimate for earnings is pegged at 83 cents, indicating sequential decrease of 31.4%.
What Our Model Says
Our proven model does not predict an earnings beat for Riot Blockchain this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Riot Blockchain has an Earnings ESP of 0.00% and a Zacks Rank #2.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Some Other Business Services Companies
Rollins’ (ROL - Free Report) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year over year.
IHS Markit’s fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.
Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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