Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Arcadium despite higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - Arcadium is expected to report quarterly earnings of $0.05 per share, reflecting a significant year-over-year decline of 88.6% [2] - Revenues are projected to be $264.96 million, which is an increase of 25.3% compared to the same quarter last year [2] Estimate Revisions - The consensus EPS estimate for Arcadium has been revised down by 6.19% over the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Arcadium is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.78% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Arcadium currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [6] Historical Performance - In the last reported quarter, Arcadium met the expected earnings of $0.05 per share, resulting in no surprise [7] - Over the past four quarters, Arcadium has only beaten consensus EPS estimates once [7] Industry Comparison - Minerals Technologies, another player in the Zacks Chemical - Specialty industry, is expected to post earnings of $1.53 per share, reflecting a year-over-year increase of 2.7% [9] - Revenues for Minerals Technologies are expected to be $541.6 million, down 1.1% from the previous year [9] - The consensus EPS estimate for Minerals Technologies has been revised down by 0.7% over the last 30 days, and it currently has a Zacks Rank of 4, making predictions of an earnings beat uncertain [9]
Arcadium (ALTM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?