Benzinga | Aug 23, 2021 09:11PM EDT

Earnings Outlook For Phunware

Phunware (NASDAQ:PHUN) announces its next round of earnings this Thursday, August 12. Here is Benzinga's look at Phunware's Q2 earnings report.

What Are Earnings, Net Income, 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

Analysts are predicting Phunware will report a loss of $-0.07 per share on revenue of $2.25 million. In the same quarter last year, Phunware reported EPS of $0.08 on revenue of $2.21 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.

If the company were to report earnings in line when it publishes results Thursday, quarterly profit would be up 12.5%. Sales would be up 1.67% from the year-ago period. 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 -0.11 -0.08 -0.07 -0.09EPS Actual -0.10 -0.12 -0.09 -0.08Revenue Estimate 2.45 M 3.20 M 2.77 M 2.27 MRevenue Actual 1.65 M 2.02 M 3.13 M 2.21 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

Shares of Phunware were trading at $1.09 as of August 10. Over the last 52-week period, shares are down 25.17%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

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