Adeia Inc. (ADEA - Free Report) is slated to report second-quarter 2023 results on Aug 7, after the closing bell.
The company’s earnings surprise history is impressive. Earnings lagged the Zacks Consensus Estimate in only one of the trailing four quarters (three beat), delivering an average surprise of 17.2%.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $84.2 million, indicating 64% year-over-year plunge. The top line is expected to have been affected by subscriber declines in Pay TV.
The consensus mark for earnings is pegged at 22 cents per share, suggesting year-over-year fall of 58%. A rise in operating expenses might have hurt results.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Adeia 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. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Adeia has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks That Warrant a Look
Here are a couple of 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.
Everi Holdings (EVRI - Free Report) has an Earnings ESP of +2.07 and a Zacks Rank of 2. The company is slated to declare second-quarter results on Aug 9. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at 24 cents per share, down 27.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $207.65 million, up 5.3% from the prior-year reported figure. EVRI has an average earnings surprise of 26.8% in the previous four quarters.
DLocal Limited (DLO - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. The company is set to post second-quarter numbers on Aug 15.
DLO has an expected earnings growth rate of 54.1% for fiscal 2023.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Adeia Inc. (ADEA - Free Report) is slated to report second-quarter 2023 results on Aug 7, after the closing bell.
The company’s earnings surprise history is impressive. Earnings lagged the Zacks Consensus Estimate in only one of the trailing four quarters (three beat), delivering an average surprise of 17.2%.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $84.2 million, indicating 64% year-over-year plunge. The top line is expected to have been affected by subscriber declines in Pay TV.
The consensus mark for earnings is pegged at 22 cents per share, suggesting year-over-year fall of 58%. A rise in operating expenses might have hurt results.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Adeia 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. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Adeia has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks That Warrant a Look
Here are a couple of 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.
Everi Holdings (EVRI - Free Report) has an Earnings ESP of +2.07 and a Zacks Rank of 2. The company is slated to declare second-quarter results on Aug 9. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the bottom line is pegged at 24 cents per share, down 27.3% from the year-ago reported figure. The consensus mark for revenues is pegged at $207.65 million, up 5.3% from the prior-year reported figure. EVRI has an average earnings surprise of 26.8% in the previous four quarters.
DLocal Limited (DLO - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. The company is set to post second-quarter numbers on Aug 15.
DLO has an expected earnings growth rate of 54.1% for fiscal 2023.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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