Interface (NASDAQ: TILE) announces its next round of earnings this Friday, November 06. Here is Benzinga's everything-that-matters guide for this Friday's Q3 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 analysts see Interface reporting earnings of $0.2 per share on revenue of $272.63 million. Interface EPS in the same period a year ago totaled $0.47. Sales were $348.35 million.
Why Analyst Estimates And Earnings Surprises Are Important
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 analyst consensus estimate would represent a 57.45% decrease in the company's earnings. Sales would be down 21.74% on a year-over-year basis. Interface's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.06 | 0.21 | 0.41 | 0.42 |
| EPS Actual | 0.27 | 0.32 | 0.46 | 0.47 |
| Revenue Estimate | 251.70 M | 298.12 M | 344.63 M | 346.40 M |
| Revenue Actual | 259.50 M | 288.17 M | 339.48 M | 348.35 M |
Stock Performance
Shares of Interface were trading at $6.65 as of November 04. Over the last 52-week period, shares are down 59.53%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Interface is scheduled to hold the call at 08:00:00 ET and can be accessed here.
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November 05, 2020 at 10:07PM
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Earnings Preview for Interface - Benzinga
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