Aterian closed the most recent trading day at $2.34, making no change from the previous trading session. This move lagged the S&P 500's daily gain of 1.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.14%.
Heading into today, shares of the company had gained 6.36% over the past month, outpacing the Business Services sector's gain of 3.7% and the S&P 500's gain of 3.2% in that time.
Aterian will be looking to display strength as it nears its next earnings release, which is expected to be August 8, 2022. On that day, Aterian is projected to report earnings of -$0.18 per share, which would represent year-over-year growth of 77.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $61.42 million, down 9.93% from the year-ago period.
ATER's full-year Zacks Consensus Estimates are calling for earnings of -$1.19 per share and revenue of $236.5 million. These results would represent year-over-year changes of +81.8% and -4.55%, respectively.
Any recent changes to analyst estimates for Aterian should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Aterian is currently sporting a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 126, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Aterian (ATER) Flat As Market Gains: What You Should Know
Aterian closed the most recent trading day at $2.34, making no change from the previous trading session. This move lagged the S&P 500's daily gain of 1.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.14%.
Heading into today, shares of the company had gained 6.36% over the past month, outpacing the Business Services sector's gain of 3.7% and the S&P 500's gain of 3.2% in that time.
Aterian will be looking to display strength as it nears its next earnings release, which is expected to be August 8, 2022. On that day, Aterian is projected to report earnings of -$0.18 per share, which would represent year-over-year growth of 77.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $61.42 million, down 9.93% from the year-ago period.
ATER's full-year Zacks Consensus Estimates are calling for earnings of -$1.19 per share and revenue of $236.5 million. These results would represent year-over-year changes of +81.8% and -4.55%, respectively.
Any recent changes to analyst estimates for Aterian should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Aterian is currently sporting a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 126, which puts it in the top 50% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.