Earnings

Virtusa (VRTU) Lags Q4 Earnings and Revenue Estimates

Virtusa (VRTU) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -30.51%. A quarter ago, it was expected that this provider of information technology services would post earnings of $0.76 per share when it actually produced earnings of $0.78, delivering a surprise of 2.63%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Virtusa, which belongs to the Zacks Computer – Services industry, posted revenues of $329.65 million for the quarter ended March 2020, missing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $327.63 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price

Read More

Cruise Line Earnings Later This Week Could Provide Insight On Brutal Quarter For Industry

If there’s a theme this week, you could argue it’s watching people return to work and seeing how various states and countries deal with the challenges as they try to get going. 

Tensions rose overnight on reports of more COVID-19 cases in South Korea after the country began easing restrictions. You don’t have to look far to find people worried about a second wave, with some experts warning about more danger ahead.

There isn’t a lot of data or earnings on the calendar, so it could be one of those sessions where people look for the latest headlines and trade-off the news of the day. That’s very difficult to trade, and means the potential for volatility is there. With that in mind, investors probably don’t want to get too complacent. 

Crude had a weird night, falling initially and then clawing back this morning. It’s tempting to see crude as a

Read More

Microsoft ETFs to Watch on Surging Cloud Ahead of Q3 Earnings

Microsoft MSFT is set to release fiscal third-quarter 2020 results on Apr 29 after market close. Being the world’s largest software maker, it is worth taking a look at the company’s fundamentals ahead of its results.

Over the past three months, the stock has gained 5.2% outperforming the industry, which has shed nearly 8%. The outperformance is expected to continue if the software leader beats estimates (see: all the Technology ETFs here).

Inside Our Methodology

Microsoft has a Zacks Rank #3 (Hold) and an Earnings ESP of -0.81%. According to our surprise prediction methodology, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The stock saw negative earnings estimate revision of a couple of cents for

Read More