Benzinga | Apr 27, 2021 10:31AM EDT

Earnings Preview for Unifi

Unifi (NYSE:UFI) unveils its next round of earnings this Wednesday, April 28. Here is Benzinga's everything-that-matters guide for the 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 $0.16 and sales around $166.97 million. In the same quarter last year, Unifi reported EPS of $0.22 on revenue of $170.99 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Wednesday, earnings would be down 27.27%. Revenue would be down 2.35% on a year-over-year basis. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2021 Q1 2020 Q4 2020 Q3 2020EPS Estimate 0.08 -0.33 -0.28 0EPS Actual 0.40 0.18 -1.05 0.22Revenue Estimate 144.97 M 126.83 M 95.20 M 167.30 MRevenue Actual 162.78 M 141.50 M 86.06 M 170.99 M

Stock Performance

Over the last 52-week period, shares are up 155.71%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Unifi is scheduled to hold the call at 08:30:00 ET and can be accessed here.