We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With Cantaloupe (CTLP) Q2 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
In its upcoming report, Cantaloupe (CTLP - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.02 per share, reflecting an increase of 300% compared to the same period last year. Revenues are forecasted to be $66.92 million, representing a year-over-year increase of 9.1%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Cantaloupe metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues- Subscription and transaction fees' will reach $57.18 million. The estimate suggests a change of +16.9% year over year.
Analysts' assessment points toward 'Revenues- Equipment sales' reaching $9.71 million. The estimate suggests a change of -21.7% year over year.
According to the collective judgment of analysts, 'Gross Margin - Subscription and transaction fees' should come in at 42.5%. The estimate compares to the year-ago value of 38.3%.
Over the past month, shares of Cantaloupe have returned -3.9% versus the Zacks S&P 500 composite's +5.6% change. Currently, CTLP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With Cantaloupe (CTLP) Q2 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Cantaloupe (CTLP - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.02 per share, reflecting an increase of 300% compared to the same period last year. Revenues are forecasted to be $66.92 million, representing a year-over-year increase of 9.1%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Cantaloupe metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues- Subscription and transaction fees' will reach $57.18 million. The estimate suggests a change of +16.9% year over year.
Analysts' assessment points toward 'Revenues- Equipment sales' reaching $9.71 million. The estimate suggests a change of -21.7% year over year.
According to the collective judgment of analysts, 'Gross Margin - Subscription and transaction fees' should come in at 42.5%. The estimate compares to the year-ago value of 38.3%.
View all Key Company Metrics for Cantaloupe here>>>
Over the past month, shares of Cantaloupe have returned -3.9% versus the Zacks S&P 500 composite's +5.6% change. Currently, CTLP carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>