Perfect Corp is slated to report its first-quarter 2024 earnings on Apr 24.
For the first quarter, the Zacks Consensus Estimate for revenues is currently pegged at $14.14 million, suggesting growth of 16.34% from the year-ago quarter’s levels.
The consensus mark for earnings has remained unchanged at 1 cent per share in the past 30 days.
Perfect’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 275%.
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note
Perfect’s first-quarter performance is likely to have benefited from its strong momentum in AI solutions particularly in its AI/AR cloud solutions and subscription services.
Increasing demand for skincare diagnosis products and virtual try-on solutions for jewelry and fashion industries is likely to have aided PERF’s top-line growth.
PERF’s expansion into new verticals, such as skincare clinics, medspas and aesthetic clinics, with its AI-powered skin diagnosis technology is expected to have bolstered the company’s performance in the quarter under review.
Robust growth in PERF’s mobile beauty app business, with an increase in active subscribers of more than 879,000 in the fourth quarter of 2023 and the addition of new categories like skin diagnosis, jewelry and fashion markets, is expected to boost revenue expansion in the B2C sector.
Perfect's commitment to innovation, as evidenced by the development of AI wig virtual try-on and other AI hair solutions, is expected to attract more users and boost PERF’s top line during the first quarter.
What Our Model Says
Per the Zacks model, 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 is not the case here.
Perfect has an Earnings ESP of 0.00% and currently sports a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Vertiv (VRT - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vertiv shares have gained 56.2% year to date. VRT is set to report its first-quarter 2024 results on Apr 24.
Meta Platforms (META - Free Report) has an Earnings ESP of +0.62% and a Zacks Rank of #2 at present.
Meta Platforms shares have gained 35.9% year to date. META is set to report its first-quarter 2024 results on Apr 24.
MSCI (MSCI - Free Report) has an Earnings ESP of +1.03% and a Zacks Rank #3.
MSCI shares have declined 9.8% year to date. MSCI is set to report its first-quarter 2024 results on Apr 23.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
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Perfect Corp is slated to report its first-quarter 2024 earnings on Apr 24.
For the first quarter, the Zacks Consensus Estimate for revenues is currently pegged at $14.14 million, suggesting growth of 16.34% from the year-ago quarter’s levels.
The consensus mark for earnings has remained unchanged at 1 cent per share in the past 30 days.
Perfect’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 275%.
Let’s see how things have shaped up for the upcoming announcement.
Factors to Note
Perfect’s first-quarter performance is likely to have benefited from its strong momentum in AI solutions particularly in its AI/AR cloud solutions and subscription services.
Increasing demand for skincare diagnosis products and virtual try-on solutions for jewelry and fashion industries is likely to have aided PERF’s top-line growth.
PERF’s expansion into new verticals, such as skincare clinics, medspas and aesthetic clinics, with its AI-powered skin diagnosis technology is expected to have bolstered the company’s performance in the quarter under review.
Robust growth in PERF’s mobile beauty app business, with an increase in active subscribers of more than 879,000 in the fourth quarter of 2023 and the addition of new categories like skin diagnosis, jewelry and fashion markets, is expected to boost revenue expansion in the B2C sector.
Perfect's commitment to innovation, as evidenced by the development of AI wig virtual try-on and other AI hair solutions, is expected to attract more users and boost PERF’s top line during the first quarter.
What Our Model Says
Per the Zacks model, 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 is not the case here.
Perfect has an Earnings ESP of 0.00% and currently sports a Zacks Rank #1. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Vertiv (VRT - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Vertiv shares have gained 56.2% year to date. VRT is set to report its first-quarter 2024 results on Apr 24.
Meta Platforms (META - Free Report) has an Earnings ESP of +0.62% and a Zacks Rank of #2 at present.
Meta Platforms shares have gained 35.9% year to date. META is set to report its first-quarter 2024 results on Apr 24.
MSCI (MSCI - Free Report) has an Earnings ESP of +1.03% and a Zacks Rank #3.
MSCI shares have declined 9.8% year to date. MSCI is set to report its first-quarter 2024 results on Apr 23.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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