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The company has an impressive earnings surprise history. It beat the Zacks Consensus Estimate in three of the trailing four quarters and matched on one instance, delivering an average earnings surprise of 225%.
Q4 Expectations
The Zacks Consensus Estimate for Cellebrite’s revenues in the to-be-reported quarter is pegged at $85.43 million, indicating a 15.4% year-over-year increase. The top line is likely to have reaped the benefits of a healthy market, powerful innovations and advancement in go-to-market activities. We expect the company to have witnessed an increase in subscription software revenues.
The consensus estimate for the bottom line in the to-be-reported quarter is 6 cents per share, which is lower than the year-ago reported 8 cents per share.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for CLBT 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season.
GFL Environmental (GFL - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.37 billion, indicating growth of 2% from the year-ago figure. For earnings, the consensus mark is pegged at 18 cents per share, suggesting a more than 100% rise from the year-ago quarter. WCN beat the consensus estimate in three of the past four quarters and missed on one instance, with an average surprise of 51.45%.
GFL currently has an Earnings ESP of +8.13% and a Zacks Rank of 3. It is scheduled to declare its fourth-quarter 2023 results on Feb 21.
Fidelity National(FIS - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $2.52 billion, indicating a decline of 32% from the year-ago figure. For earnings, the consensus mark is pegged at 96 cents per share, implying a 43.9% plunge from a year ago. FIS beat the consensus estimate in three of the past four quarters and missed on the other instance. It has a negative surprise of 7.02%, on average.
FIS currently has an Earnings ESP of +0.47% and a Zacks Rank of 3. It is scheduled to declare fourth-quarter 2023 results on Feb 26.
MediaAlpha(MAX - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $111.36 million, indicating a decline of 10.2% from the year-ago figure. For the bottom line, the consensus mark is pegged at a loss of 21 cents per share, wider than the year ago reported 20 cents per share. MAX beat the consensus estimate in three of the past four quarters and matched on the other instance. It has an earning surprise of 7.01%, on average.
MAX currently has an Earnings ESP of +12.91% and a Zacks Rank of 3. It is scheduled to declare fourth-quarter 2023 results on Feb 20.
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Cellebrite (CLBT) to Report Q4 Earnings: What's in the Cards?
Cellebrite DI Ltd. (CLBT - Free Report) is scheduled to report its fourth-quarter 2023 results on Feb 15, before the opening bell.
The company has an impressive earnings surprise history. It beat the Zacks Consensus Estimate in three of the trailing four quarters and matched on one instance, delivering an average earnings surprise of 225%.
Q4 Expectations
The Zacks Consensus Estimate for Cellebrite’s revenues in the to-be-reported quarter is pegged at $85.43 million, indicating a 15.4% year-over-year increase. The top line is likely to have reaped the benefits of a healthy market, powerful innovations and advancement in go-to-market activities. We expect the company to have witnessed an increase in subscription software revenues.
Cellebrite DI Ltd. Price and EPS Surprise
Cellebrite DI Ltd. price-eps-surprise | Cellebrite DI Ltd. Quote
The consensus estimate for the bottom line in the to-be-reported quarter is 6 cents per share, which is lower than the year-ago reported 8 cents per share.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for CLBT 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
CLBT currently has an Earnings ESP of 0.00% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are a few stocks from the broader Business Services sector, which according to our model, have the right combination of elements to beat on earnings this season.
GFL Environmental (GFL - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.37 billion, indicating growth of 2% from the year-ago figure. For earnings, the consensus mark is pegged at 18 cents per share, suggesting a more than 100% rise from the year-ago quarter. WCN beat the consensus estimate in three of the past four quarters and missed on one instance, with an average surprise of 51.45%.
GFL currently has an Earnings ESP of +8.13% and a Zacks Rank of 3. It is scheduled to declare its fourth-quarter 2023 results on Feb 21.
Fidelity National(FIS - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $2.52 billion, indicating a decline of 32% from the year-ago figure. For earnings, the consensus mark is pegged at 96 cents per share, implying a 43.9% plunge from a year ago. FIS beat the consensus estimate in three of the past four quarters and missed on the other instance. It has a negative surprise of 7.02%, on average.
FIS currently has an Earnings ESP of +0.47% and a Zacks Rank of 3. It is scheduled to declare fourth-quarter 2023 results on Feb 26.
MediaAlpha(MAX - Free Report) : The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $111.36 million, indicating a decline of 10.2% from the year-ago figure. For the bottom line, the consensus mark is pegged at a loss of 21 cents per share, wider than the year ago reported 20 cents per share. MAX beat the consensus estimate in three of the past four quarters and matched on the other instance. It has an earning surprise of 7.01%, on average.
MAX currently has an Earnings ESP of +12.91% and a Zacks Rank of 3. It is scheduled to declare fourth-quarter 2023 results on Feb 20.
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