Perficient (PRFT - Free Report) is scheduled to report first-quarter 2019 results on May 2.
In the last reported quarter, the company came up with a positive surprise of 17.5%. In fact, the company’s earnings history is impressive, having trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 126.49%.
Revenues of $132 million in the same period also topped the Zacks Consensus Estimate of $129 million but declined by a million from the year-ago quarter.
What to Expect in Q1
For first-quarter 2019, Perficient expects revenues in the range of $129-$133 million. The Zacks Consensus Estimate is pegged at $131.2 million, indicating nearly 8.5% increase from the year-ago reported figure.
Non-GAAP earnings are anticipated in the range of 38-41 cents per share. The Zacks Consensus Estimate for the same stands at 40 cents, suggesting a 14.2% rise from the number reported in the prior-year quarter.
Let’s see how things are shaping up for the upcoming announcement.
Factors to Consider
Perficient’s performance in the upcoming quarterly result is likely to be driven by services revenues. The growing adoption of cloud, big data and analytics is boosting demand for its services.
Notably, investments in expanding its portfolio around high-growth areas like cloud and digital are likely to be a key driver.
Broad-based growth across healthcare, financial services, retail and consumer goods [plus automotive and manufacturing verticals is likely to favor the company’s upcoming results.
Partnership with leading software vendors, namely International Business Machines (IBM - Free Report) , Microsoft (MSFT - Free Report) , Adobe (ADBE - Free Report) , Oracle and Salesforce is helping the company win new customers. This domain expertise is likely to aid the upcoming quarterly results as well.
However, softness in the management consulting market is a concern.
Perficient has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Perficient (PRFT - Free Report) is scheduled to report first-quarter 2019 results on May 2.
In the last reported quarter, the company came up with a positive surprise of 17.5%. In fact, the company’s earnings history is impressive, having trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 126.49%.
Revenues of $132 million in the same period also topped the Zacks Consensus Estimate of $129 million but declined by a million from the year-ago quarter.
What to Expect in Q1
For first-quarter 2019, Perficient expects revenues in the range of $129-$133 million. The Zacks Consensus Estimate is pegged at $131.2 million, indicating nearly 8.5% increase from the year-ago reported figure.
Non-GAAP earnings are anticipated in the range of 38-41 cents per share. The Zacks Consensus Estimate for the same stands at 40 cents, suggesting a 14.2% rise from the number reported in the prior-year quarter.
Let’s see how things are shaping up for the upcoming announcement.
Factors to Consider
Perficient’s performance in the upcoming quarterly result is likely to be driven by services revenues. The growing adoption of cloud, big data and analytics is boosting demand for its services.
Notably, investments in expanding its portfolio around high-growth areas like cloud and digital are likely to be a key driver.
Broad-based growth across healthcare, financial services, retail and consumer goods [plus automotive and manufacturing verticals is likely to favor the company’s upcoming results.
Partnership with leading software vendors, namely International Business Machines (IBM - Free Report) , Microsoft (MSFT - Free Report) , Adobe (ADBE - Free Report) , Oracle and Salesforce is helping the company win new customers. This domain expertise is likely to aid the upcoming quarterly results as well.
However, softness in the management consulting market is a concern.
Perficient has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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