Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. In this case, we are going to enter the most active stocks URL from Yahoo Finance. Once you copy and paste a URL into the address bar, it automatically gets started in parsing the webpage and guesses what content you want to extract. While Parsons has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The new Octoparse 8.2 interface is very intuitive. Parsons shares have added about 3.1% since the beginning of the year versus the S&P 500's gain of 17.8%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has not been able to beat consensus revenue estimates over the last four quarters. This compares to year-ago revenues of $979.46 million. Parsons, which belongs to the Zacks Technology Services industry, posted revenues of $879.36 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 10.37%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this software and infrastructure services provider would post earnings of $0.28 per share when it actually produced earnings of $0.34, delivering a surprise of 21.43%. This quarterly report represents an earnings surprise of -37.25%. nbshare.io is a platform to learn data analytics using Python, R.You will find lot of notebooks on topics such as artificial intelligence, machine learning, and basic Python coding examples on data analytics, how to scrape a website, how to setup a mirror etc. These figures are adjusted for non-recurring items. This compares to earnings of $0.49 per share a year ago. Note that there’s a disproportionate effect clause, which means the carve-outs may, in fact, be a MAE if they disproportionately affect KLA-Tencor relative to other companies of comparable size and geography in same the industry in which KLAC operates.Parsons (PSN) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.51 per share. The carve-outs follow in the next part of this series. “‘ Company Material Adverse Effect’” means any Effect or Effects that, individually or in the aggregate, are, or would reasonably be expected to be, materially adverse to (a) the business, assets, properties, condition (financial or otherwise) or results of operations of the Company and the Company Subsidiaries, taken as a whole provided, that none of the following will be deemed, either alone or in combination, to be or constitute a ‘Company Material Adverse Effect’ or be taken into account when determining whether a ‘Company Material Adverse Effect’ has occurred or may, would or could occur…” Financial news headlines are collected from the Wall Street. You should still read and understand the actual language in the merger agreement. In our experiments, the data on stock market prices are collected from Yahoo Finance and Kaggle. Please note that the MAE clause has been paraphrased here to limit the legalese. Just about anything that has a material adverse effect on the company is considered an MAE, but there are exceptions to that rule. 28, 2022 (GLOBE NEWSWIRE) - The Resume Parsing Software Market Research Report 2022-2027, provides an in-depth overview and insights into the market size, revenues, various segments and drivers of development, as well as limiting factors and regional industrial presence. In fact, arbitrageurs always call it the MAC clause, regardless of how it’s actually characterized in the merger agreement.Īs a general rule, MAE clauses follow a similar format. Note that some companies refer to an MAE clause as a MAC (material adverse change) clause, but it’s more or less the same thing.
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