We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Unveiling GoodRx (GDRX) Q2 Outlook: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from GoodRx Holdings, Inc. (GDRX - Free Report) is expected to reveal quarterly earnings of $0.09 per share, indicating an increase of 28.6% compared to the year-ago period. Analysts forecast revenues of $200.68 million, representing an increase of 5.8% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some GoodRx metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Prescription transactions' of $146.29 million. The estimate points to a change of +7.2% from the year-ago quarter.
The consensus estimate for 'Revenue- Other' stands at $5.35 million. The estimate indicates a change of +9.2% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Pharma Manufacturer Solutions' reaching $27.48 million. The estimate points to a change of +13.1% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Subscription' at $21.17 million. The estimate points to a change of -11.4% from the year-ago quarter.
GoodRx shares have witnessed a change of +0.9% in the past month, in contrast to the Zacks S&P 500 composite's -6.7% move. With a Zacks Rank #3 (Hold), GDRX is expected closely follow the overall market performance in the near term. 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
Unveiling GoodRx (GDRX) Q2 Outlook: Wall Street Estimates for Key Metrics
The upcoming report from GoodRx Holdings, Inc. (GDRX - Free Report) is expected to reveal quarterly earnings of $0.09 per share, indicating an increase of 28.6% compared to the year-ago period. Analysts forecast revenues of $200.68 million, representing an increase of 5.8% year over year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some GoodRx metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Prescription transactions' of $146.29 million. The estimate points to a change of +7.2% from the year-ago quarter.
The consensus estimate for 'Revenue- Other' stands at $5.35 million. The estimate indicates a change of +9.2% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Pharma Manufacturer Solutions' reaching $27.48 million. The estimate points to a change of +13.1% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Subscription' at $21.17 million. The estimate points to a change of -11.4% from the year-ago quarter.
View all Key Company Metrics for GoodRx here>>>
GoodRx shares have witnessed a change of +0.9% in the past month, in contrast to the Zacks S&P 500 composite's -6.7% move. With a Zacks Rank #3 (Hold), GDRX is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>