Will iRhythm Technologies (IRTC) Report Negative Earnings Next Week? What You Should Know

Core Viewpoint - iRhythm Technologies (IRTC) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 31, with a consensus estimate of a quarterly loss of $0.53 per share, reflecting a year-over-year change of +13.1% [3]. - Revenues are projected to be $173.71 million, which is an increase of 17.3% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial estimates during this period [4]. - For iRhythm Technologies, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.00%, suggesting a bearish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive Earnings ESP indicating a higher likelihood of an earnings beat [8][10]. - However, the current combination of a negative Earnings ESP and a Zacks Rank of 3 makes it challenging to predict an earnings beat for iRhythm Technologies [12]. Historical Performance - In the last reported quarter, iRhythm Technologies was expected to post a loss of $0.89 per share but actually reported a loss of -$0.95, resulting in a surprise of -6.74% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Conclusion - While the potential for an earnings beat exists, iRhythm Technologies does not currently appear to be a compelling candidate for such an outcome, and investors should consider additional factors before making investment decisions [17].