Benzinga | Aug 3, 2021 11:07AM EDT

A Preview Of Conformis's Earnings

On Wednesday, August 04, Conformis (NASDAQ:CFMS) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Conformis EPS will likely be near $0.04 while revenue will be around $33.00 million, according to analysts. Conformis EPS in the same period a year ago totaled $0.03. Sales were $19.47 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 233.33% increase in the company's EPS figure. Revenue would be up 69.51% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -0.07 -0.10 -0.12 -0.10EPS Actual -0.09 -0.08 -0.09 -0.03Revenue Estimate 13.77 M 17.68 M 14.42 M 12.43 MRevenue Actual 13.84 M 16.70 M 16.12 M 19.47 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the last 52-week period, shares of Conformis are up 112.13%.

Do not be surprised to see the stock move on comments made during its conference call. Conformis is scheduled to hold the call at 16:30:00 ET and can be accessed here.