The stock market expects Revvity (RVTY) to deliver a year-over-year decline in earnings despite higher revenues, according to consensus estimates. The company is set to release its quarterly results on April 28.
Analysts project Revvity’s earnings per share to be $0.96, down from the previous year’s earnings of $1.36. Revenues are expected to rise by 2% to $662.71 million.
However, a positive surprise in earnings would be beneficial for the stock price. Investors should keep an eye on the company’s Earnings ESP (Expected Surprise Prediction), which compares the most accurate estimate to the consensus estimate. A positive ESP reading can indicate a higher likelihood of an earnings beat.
Revvity’s Earnings ESP is currently at +0.52%, indicating that analysts have recently become bullish on the company’s earnings prospects. Despite this, the stock carries a Zacks Rank of #4, making it difficult to predict an earnings surprise.
Historically, Revvity has beaten consensus estimates four times over the last four quarters, with a surprising positive result of +4.41% in its last reported quarter. However, this information may not be directly applicable to future results due to changes in analyst estimates.
Investors should consider various factors beyond just earnings beats when making investment decisions for Revvity or any other stock. Staying informed about upcoming earnings announcements and utilizing tools like the Zacks Earnings ESP Filter can help investors make more informed decisions.
Source: https://finance.yahoo.com/news/earnings-preview-revvity-rvty-q1-140020661.html