Comtech Telecommunications(US:CMTL) ZACKS·2024-11-28 16:01Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Comtech Telecommunications (CMTL) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The consensus estimate predicts a quarterly loss of $0.20 per share, reflecting a year-over-year change of -183.3% [3]. - Expected revenues are $125.53 million, down 17.4% from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 289% lower in the last 30 days, indicating a significant reassessment by analysts [5]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [11][12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. - Comtech currently holds a Zacks Rank of 5, making it challenging to predict an earnings beat [13]. Historical Performance - In the last reported quarter, Comtech was expected to post earnings of $0.05 per share but instead reported a loss of $0.35, resulting in a surprise of -800% [14]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [15]. Conclusion - Comtech does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [18].