MannKind (NASDAQ:MNKD) announces its next round of earnings this Wednesday, May 12. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.
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 MannKind will report a loss of $0.04 per share on revenue of $15.66 million. MannKind's loss in the same period a year ago was $0.04 per share. Quarterly sales came in at $16.23 million.
Why Analyst Estimates And Earnings Surprises Are Important
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.
The analyst consensus estimate would represent a 0% decrease in the company's earnings. Revenue would be down 3.54% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:
|Quarter||Q4 2021||Q3 2020||Q2 2020||Q1 2020|
|Revenue Estimate||16.11 M||15.56 M||14.76 M||14.79 M|
|Revenue Actual||18.44 M||15.35 M||15.11 M||16.23 M|
Over the last 52-week period, shares are up 243.7%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. MannKind is scheduled to hold the call at 17:00:00 ET and can be accessed here.