Matterport, Inc. (MTTR - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 22, after market close.
Let’s check out the expectations in detail.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $39.96 million, indicating a 47.5% surge from the year-ago period’s reported quarter. Segment-wise, subscription revenues, services revenues and product revenues are likely to have boosted growth.
The Zacks Consensus Estimate for the to-be-reported quarter’s loss is pegged at 10 cents per share. A loss of 9 cents per share was reported in the third quarter of 2022.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Matterport 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.
Matterport 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.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Accenture plc (ACN - Free Report) has an Earnings ESP of +3.30% and a Zacks Rank of 3.
Accenture has an expected earnings growth rate of 7% for fiscal 2023. ACN has a trailing four-quarter earnings surprise of 3.2%, on average.
Riot Platforms, Inc. (RIOT - Free Report) has an Earnings ESP of +23.91% and is Zacks #3 Ranked.
RIOT has a trailing four-quarter earnings surprise of 73.63%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Matterport, Inc. (MTTR - Free Report) is scheduled to report fourth-quarter 2022 results on Feb 22, after market close.
Let’s check out the expectations in detail.
Q4 Expectations
The Zacks Consensus Estimate for revenues is pegged at $39.96 million, indicating a 47.5% surge from the year-ago period’s reported quarter. Segment-wise, subscription revenues, services revenues and product revenues are likely to have boosted growth.
The Zacks Consensus Estimate for the to-be-reported quarter’s loss is pegged at 10 cents per share. A loss of 9 cents per share was reported in the third quarter of 2022.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Matterport 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.
Matterport 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.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Accenture plc (ACN - Free Report) has an Earnings ESP of +3.30% and a Zacks Rank of 3.
Accenture has an expected earnings growth rate of 7% for fiscal 2023. ACN has a trailing four-quarter earnings surprise of 3.2%, on average.
Riot Platforms, Inc. (RIOT - Free Report) has an Earnings ESP of +23.91% and is Zacks #3 Ranked.
RIOT has a trailing four-quarter earnings surprise of 73.63%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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Get the latest research report on RIOT - FREE
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