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Factors to Note Ahead of VeriSign's (VRSN) Q1 Earnings Release
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VeriSign, Inc. (VRSN - Free Report) is set to report first-quarter 2022 results on Apr 28, after the closing bell.
The Zacks Consensus Estimate for first-quarter earnings has remained stable at $1.39 per share, suggesting an increase of 4.5% from year-ago quarter’s reported figure. The consensus mark for revenues is pegged at $343.1 million, indicating an increase of 6% from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, while missing the same once. It has a trailing four-quarter earnings surprise of 3.3%, on average.
VeriSign’s first-quarter earnings are expected to have benefited from continued healthy growth across .com and .net domain name registrations. A recovering global economy along with a strong critical Internet infrastructure might have boosted the company’s performance in the to-be-reported quarter.
VeriSign ended fourth-quarter 2021 with 173.4 million .com and .net domain name registrations, up 5% year over year. The company processed 10.6 million new domain name registrations for .com and .net compared with 10.5 million in the year-ago quarter.
Per VeriSign , domain name registrations increased 1.6 million or 0.5% year over year to 341.7 million across all top-level domains at the end of fourth-quarter 2021. Domain name registrations increased 3.3 million or 1% sequentially.
However, escalating operating expenses related to cybersecurity and infrastructure spending are likely to have put pressure on the company’s margins in the to-be-reported quarter.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for VeriSign 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.
VeriSign has an Earnings ESP of 0.00% and a Zacks Rank #3. 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 you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
The Zacks Consensus Estimate for Sirius XM’s to-be-reported quarter’s earnings and revenues is pegged at 8 cents per share and $2.13 billion, respectively. Sirius XM surpassed earnings estimates in the last four quarters, delivering an earnings surprise of 22%, on average. Shares of SIRI have lost 2.2% in the past year.
Atlassian Corporation (TEAM - Free Report) has an Earnings ESP of +3.13% and currently carries a Zacks Rank of 3. Atlassian is set to announce quarterly figures on Apr 28.
The Zacks Consensus Estimate for Atlassian’s to-be-reported quarter’s earnings and revenues is pegged at earnings of 32 cents per share and $696.3 million, respectively. Atlassian surpassed earnings estimates in the preceding three out of four quarters, delivering an earnings surprise of 8.3%, on average. Shares of TEAM have gained 7.4% in the past year.
Sony Corporation (SONY - Free Report) has an Earnings ESP of +12.96% and currently carries a Zacks Rank #3. Sony is slated to release quarterly numbers on May 10.
The Zacks Consensus Estimate for Sony’s to-be-reported quarter’s earnings and revenues is pegged at 82 cents per share and $20.82 billion, respectively. Shares of SONY have lost 17.9% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Factors to Note Ahead of VeriSign's (VRSN) Q1 Earnings Release
VeriSign, Inc. (VRSN - Free Report) is set to report first-quarter 2022 results on Apr 28, after the closing bell.
The Zacks Consensus Estimate for first-quarter earnings has remained stable at $1.39 per share, suggesting an increase of 4.5% from year-ago quarter’s reported figure. The consensus mark for revenues is pegged at $343.1 million, indicating an increase of 6% from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, while missing the same once. It has a trailing four-quarter earnings surprise of 3.3%, on average.
VeriSign, Inc. Price and EPS Surprise
VeriSign, Inc. price-eps-surprise | VeriSign, Inc. Quote
Factors to Note
VeriSign’s first-quarter earnings are expected to have benefited from continued healthy growth across .com and .net domain name registrations. A recovering global economy along with a strong critical Internet infrastructure might have boosted the company’s performance in the to-be-reported quarter.
VeriSign ended fourth-quarter 2021 with 173.4 million .com and .net domain name registrations, up 5% year over year. The company processed 10.6 million new domain name registrations for .com and .net compared with 10.5 million in the year-ago quarter.
Per VeriSign , domain name registrations increased 1.6 million or 0.5% year over year to 341.7 million across all top-level domains at the end of fourth-quarter 2021. Domain name registrations increased 3.3 million or 1% sequentially.
However, escalating operating expenses related to cybersecurity and infrastructure spending are likely to have put pressure on the company’s margins in the to-be-reported quarter.
Earnings Whispers
Our proven model doesn’t conclusively predict an earnings beat for VeriSign 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.
VeriSign has an Earnings ESP of 0.00% and a Zacks Rank #3. 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 you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Sirius XM (SIRI - Free Report) has an Earnings ESP of +3.23% and currently carries a Zacks Rank #3. Sirius XM is scheduled to report earnings results on Apr 28. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Sirius XM’s to-be-reported quarter’s earnings and revenues is pegged at 8 cents per share and $2.13 billion, respectively. Sirius XM surpassed earnings estimates in the last four quarters, delivering an earnings surprise of 22%, on average. Shares of SIRI have lost 2.2% in the past year.
Atlassian Corporation (TEAM - Free Report) has an Earnings ESP of +3.13% and currently carries a Zacks Rank of 3. Atlassian is set to announce quarterly figures on Apr 28.
The Zacks Consensus Estimate for Atlassian’s to-be-reported quarter’s earnings and revenues is pegged at earnings of 32 cents per share and $696.3 million, respectively. Atlassian surpassed earnings estimates in the preceding three out of four quarters, delivering an earnings surprise of 8.3%, on average. Shares of TEAM have gained 7.4% in the past year.
Sony Corporation (SONY - Free Report) has an Earnings ESP of +12.96% and currently carries a Zacks Rank #3. Sony is slated to release quarterly numbers on May 10.
The Zacks Consensus Estimate for Sony’s to-be-reported quarter’s earnings and revenues is pegged at 82 cents per share and $20.82 billion, respectively. Shares of SONY have lost 17.9% in the past year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.