Benzinga | Feb 10, 2021 10:47AM EST

A Preview Of Illumina's Earnings

Illumina (NASDAQ:ILMN) will be releasing its next round of earnings this Thursday, February 11. For all of the relevant information, here is your guide for Thursday's Q4 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 Illumina reporting earnings of $1.11 per share on revenue of $903.92 million. In the same quarter last year, Illumina reported earnings per share of $1.7 on sales of $953.00 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 analyst consensus estimate would represent a 34.71% decline in the company's EPS figure. Revenue would be down 5.15% from the same quarter last year. Illumina's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020EPS Estimate 0.77 0.67 1.25 1.58EPS Actual 1.02 0.62 1.64 1.70Revenue Estimate 715.91 M 679.56 M 853.61 M 941.10 MRevenue Actual 794.00 M 633.00 M 859.00 M 953.00 M

Stock Performance

Over the last 52-week period, shares of Illumina are up 56.84%.

Do not be surprised to see the stock move on comments made during its conference call. Illumina is scheduled to hold the call at 17:00:00 ET and can be accessed here.