Earnings Outlook For Boise Cascade
Boise Cascade (NYSE:BCC) releases its next round of earnings this Monday, August 02. Here is Benzinga's essential guide to Boise Cascade'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
Wall Street analysts see Boise Cascade reporting earnings of $4.34 per share on sales of $1.99 billion. In the same quarter last year, Boise Cascade reported EPS of $0.85 on revenue of $1.24 billion.
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 Monday, earnings would be up 410.59%. Revenue would be have grown 60.1% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.46 | 1.08 | 1.89 | 0.54 |
| EPS Actual | 3.76 | 1.76 | 2.88 | 0.85 |
| Revenue Estimate | 1.68 B | 1.34 B | 1.58 B | 1.18 B |
| Revenue Actual | 1.82 B | 1.47 B | 1.59 B | 1.24 B |
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 are up 7.86%. 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. Boise Cascade is scheduled to hold the call at 11:00:00 ET and can be accessed here.