Afya(US:AFYA) ZACKS·2024-08-15 15:45Company Performance - Afya reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, and up from $0.29 per share a year ago, representing an earnings surprise of 18.92% [1] - The company posted revenues of $155.4 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.35%, compared to year-ago revenues of $143.99 million [1] - Over the last four quarters, Afya has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.40 on revenues of $156.2 million, and for the current fiscal year, it is $1.59 on revenues of $600.35 million [4] - The estimate revisions trend for Afya is mixed, resulting in a Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [4] Industry Context - The Schools industry, to which Afya belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [3]