Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Clarivate PLC due to lower revenues, with the actual results being crucial for stock price movement [1][2] Earnings Expectations - Clarivate is expected to report quarterly earnings of 573.32 million, down 7.7% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 1.39% over the last 30 days, indicating a reassessment by analysts [4] - A positive Earnings ESP of +7.76% suggests analysts have recently become more optimistic about Clarivate's earnings prospects [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with positive readings being more reliable [6][7] - Clarivate's combination of a positive Earnings ESP and a Zacks Rank of 3 suggests a likelihood of beating the consensus EPS estimate [11] Historical Performance - In the last reported quarter, Clarivate exceeded the expected earnings of 0.21, resulting in a surprise of +5% [12] - Over the past four quarters, Clarivate has beaten consensus EPS estimates twice [13] Industry Context - Roper Technologies, another player in the IT Services industry, is expected to post earnings of $4.73 per share, indicating a year-over-year increase of 7.3% [17] - Roper Technologies has also shown a positive Earnings ESP and has consistently beaten consensus EPS estimates in the past four quarters [18]
Clarivate PLC (CLVT) Expected to Beat Earnings Estimates: Should You Buy?