Arbe Robotics Ltd (ARBE) exited with a quarterly loss of $0.11 per share versus Zacks Consensus’ estimate of $0.17. That compares with a loss of $0.84 per share a year ago. These numbers are adjusted for non-recurring items.
This quarterly report represents a 35.29% earnings surprise. A quarter ago, this company was expected to incur a loss of $0.18 per share when it actually incurred a loss of $0.18, which was no surprise.
Over the past four quarters, the company has exceeded EPS estimates twice.
Arbe Robotics Ltd.
The sustainability of the stock’s immediate price action based on recently released numbers and future earnings expectations will depend mostly on management’s comment on the earnings call.
Arbe Robotics Ltd shares have lost about 53.7% year-to-date against the S&P 500’s -16.2% decline.
What’s next for Arbe Robotics Ltd.?
While Arbe Robotics Ltd. Underperforming the market so far this year, the question that comes to investors’ minds is: What’s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings forecast. This includes not only the current agreed earnings forecast for the upcoming quarter(s), but also how those forecasts have changed recently.
Empirical research shows a strong relationship between near-term stock movements and trends in earnings estimate revisions. Investors can track these reviews themselves or rely on a tried and tested rating tool like Zacks Rank, which has a proven track record of leveraging the power of earnings estimate revisions.
before that earnings release, Trend Estimated Reviews of Arbe Robotics Ltd. While the volume and direction of discretionary revisions can change after the company’s just released earnings report, the current situation translates to Zacks Rank #3 (Hold) for the stock. Therefore, the shares are expected to perform in line with the market in the near future. you can see The full list of Zacks #1 stocks (strong buy) today is here.
It will be interesting to see how the estimates for the upcoming quarters and the current fiscal year change in the coming days. The current EPS consensus estimate is -$0.16 over $4.3 million in revenue for the next quarter and -$0.65 over $9 million in revenue for the current fiscal year.
Investors should be aware of the fact that the outlook for the industry can have a material impact on the stock’s performance as well. In terms of Zacks Industry Ranking, technology services are currently in the top 50% of Zacks’ 250+ industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Yext (YEXT), has yet to report results for the quarter ending October 2022.
This software developer is expected to report a quarterly loss of $0.01 per share in its upcoming report, which represents a +75% annual change. Our consolidated earnings per share estimate for the quarter has remained unchanged for the past 30 days.
Yext revenue is expected to be $99.55 million, up 0% from last year’s quarter.
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The opinions and opinions expressed here are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.
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