Enerflex's Earnings: A Preview
Enerflex (TSE:EFX) announces its next round of earnings this Wednesday, May 05. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street expects EPS of $0.06 and sales around $225.80 million. In the same quarter last year, Enerflex reported EPS of $0.42 on revenue of $365.74 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The Wall Street estimate would represent a 85.71% decline in the company's earnings. Revenue would be down 38.26% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2021 | Q4 2021 | Q4 2021 | Q3 2020 | Q3 2020 | Q2 2020 | Q2 2020 | Q1 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|
| EPS Estimate | 1.53 | 0.12 | 1.83 | 0.07 | 1.60 | 0.18 | 1.27 | 0.30 | 1.29 |
| EPS Actual | 1.97 | 0.36 | 2 | 0.12 | 1.87 | 0.08 | 1.60 | 0.42 | 1.40 |
| Revenue Estimate | 1.12 B | 252.57 M | 1.08 B | 281.32 M | 1.00 B | 314.92 M | 913.00 M | 400.19 M | 911.81 M |
| Revenue Actual | 1.21 B | 298.84 M | 1.12 B | 265.04 M | 1.07 B | 287.44 M | 982.80 M | 365.74 M | 957.90 M |
Stock Performance
Shares of Enerflex were trading at $233.88 as of May 03. Over the last 52-week period, shares are up 58.8%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Enerflex is scheduled to hold the call at 08:30:00 ET and can be accessed here.
