Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. To read this article on click here.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. TaskUs' revenues are expected to be $231.98 million, down 3.2% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This provider of outsourced digital services is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -20.6%. The results are expected to be released on May 8. TaskUs (TASK), another stock in the same industry, has yet to report results for the quarter ended March 2023. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 39% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Shares have lost about 55.4% since the beginning of the year versus the S&P 500's gain of 6.5%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $41.09 million. , which belongs to the Zacks Computers - IT Services industry, posted revenues of $67.41 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 12.16%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.23, delivering a surprise of -21.05%. This quarterly report represents an earnings surprise of -20.83%. These figures are adjusted for non-recurring items. This compares to loss of $0.21 per share a year ago. (STEM) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.24.
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