Benzinga | Aug 3, 2021 11:06AM EDT

Earnings Preview For Arlo Technologies

Arlo Technologies (NYSE:ARLO) announces its next round of earnings this Wednesday, August 04. Here is Benzinga's look at Arlo Technologies's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Sell-side analysts are expecting Arlo Technologies's loss per share to be near $-0.15 on sales of $86.89 million. Arlo Technologies reported a loss of $0.31 when it published results during the same quarter last year. Sales in that period totaled $66.63 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be up 51.61%. Sales would be up 30.4% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -0.21 -0.18 -0.25 -0.41EPS Actual -0.03 -0.08 -0.10 -0.31Revenue Estimate 76.81 M 111.57 M 90.48 M 54.83 MRevenue Actual 82.56 M 114.84 M 110.24 M 66.63 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Arlo Technologies were trading at $6.24 as of August 02. Over the last 52-week period, shares are up 26.06%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Arlo Technologies is scheduled to hold the call at 17:00:00 ET and can be accessed here.