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The Zacks Consensus Estimate for second-quarter 2022 revenues is pegged at $29.4 million, indicating a marginal decline from the year-ago period’s reported quarter. Low expansion in small and medium-sized business customers and continued supply-chain challenges are expected to have weighed on the top line in the quarter to be reported.
Rising expenses due to investments in sales, marketing and headcount are likely to have weighed on MTTR’s bottom line. The Zacks Consensus Estimate for the to-be-reported quarter’s loss stands at 14 cents per share. A loss of 10 cents per share was reported in first-quarter 2022.
Our proven model does not conclusively predict an earnings beat for Matterport 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. However, this is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Matterport has an Earnings ESP of -1.82% and a Zacks Rank #2.
Stocks to Consider
Here are a few 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:
Kelly Services has an expected earnings growth rate of 21.2% for the current year. KELYA has an expected revenue growth rate of 6.2% for the current year.
Palantir Technologies Inc. (PLTR - Free Report) has an Earnings ESP of +7.14% and a Zacks Rank #3.
Palantir has an expected earnings growth rate of 15.4% for the current year. PLTR has an expected revenue growth rate of 28% for the current year.
Vivid Seats Inc. (SEAT - Free Report) has an Earnings ESP of +45.46% and is Zacks #3 Ranked.
SEAT has an expected earnings growth rate of 72% for the current year. Vivid Seats also has an expected revenue growth rate of 22.9% for the current year.
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What's in Store for Matterport (MTTR) in Q2 Earnings?
Matterport, Inc. (MTTR - Free Report) is scheduled to report second-quarter 2022 results on Aug 10, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter 2022 revenues is pegged at $29.4 million, indicating a marginal decline from the year-ago period’s reported quarter. Low expansion in small and medium-sized business customers and continued supply-chain challenges are expected to have weighed on the top line in the quarter to be reported.
Rising expenses due to investments in sales, marketing and headcount are likely to have weighed on MTTR’s bottom line. The Zacks Consensus Estimate for the to-be-reported quarter’s loss stands at 14 cents per share. A loss of 10 cents per share was reported in first-quarter 2022.
Matterport, Inc. Price and EPS Surprise
Matterport, Inc. price-eps-surprise | Matterport, Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Matterport 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. However, this is not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Matterport has an Earnings ESP of -1.82% and a Zacks Rank #2.
Stocks to Consider
Here are a few 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:
Kelly Services, Inc. (KELYA - Free Report) has an Earnings ESP of +6.99% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kelly Services has an expected earnings growth rate of 21.2% for the current year. KELYA has an expected revenue growth rate of 6.2% for the current year.
Palantir Technologies Inc. (PLTR - Free Report) has an Earnings ESP of +7.14% and a Zacks Rank #3.
Palantir has an expected earnings growth rate of 15.4% for the current year. PLTR has an expected revenue growth rate of 28% for the current year.
Vivid Seats Inc. (SEAT - Free Report) has an Earnings ESP of +45.46% and is Zacks #3 Ranked.
SEAT has an expected earnings growth rate of 72% for the current year. Vivid Seats also has an expected revenue growth rate of 22.9% for the current year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.