In its upcoming financial report, the Real Good Food Company is anticipated to announce a quarterly loss of $0.26 per share, according to the Zacks Consensus Estimate. This represents a substantial year-over-year increase of +49%. Revenues are expected to reach $55.37 million, marking a 47.5% surge from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been revised down by 660%, indicating a collective reassessment by covering analysts. At present, the stock of Real Good Food Company is experiencing a downward trend.
At the time of this publication, Real Good Food Company Inc stock (RGF) has witnessed a decline.
Real Good Food Company Inc
Current Price: $1.62
Change : -0.62
Change (%): (-27.68%)
Volume: 592.2K
Source: Tomorrow Events Market Data
It is important to note that individual estimate revisions may not always be fully reflected in the aggregate change. Pre-earnings release estimate revisions provide valuable insights into the business conditions for the period in question. The Zacks Earnings ESP (Expected Surprise Prediction) model, a proprietary tool, leverages these insights. It compares the Most Accurate Estimate, a more recent version of the Zacks Consensus EPS estimate, to the original estimate. This approach assumes that analysts who revise their estimates just prior to an earnings release have the most up-to-date information, potentially leading to more accurate predictions.
A positive or negative Earnings ESP reading indicates the likely deviation of actual earnings from the consensus estimate. However, the model’s predictive power is most significant for positive ESP readings. A positive Earnings ESP, especially when combined with a Zacks Rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold), is a strong predictor of an earnings beat. Research shows that this combination results in a positive surprise nearly 70% of the time, with a higher Zacks Rank enhancing the predictive power of Earnings ESP.
For Real Good Food Company, Inc., the Most Accurate Estimate aligns with the Zacks Consensus Estimate, suggesting no recent differing analyst views. This results in an Earnings ESP of 0%. The stock currently holds a Zacks Rank of #3, making it challenging to definitively predict whether it will surpass the consensus EPS estimate.
Analysts often consider a company’s history of meeting consensus estimates when making future earnings projections. Thus, examining its surprise history is essential in assessing its potential impact on upcoming figures. In the last reported quarter, Real Good Food Company, Inc. was projected to incur a loss of $0.27 per share, but it actually reported a loss of $0.03, resulting in a surprise of +88.89%. Over the past four quarters, the company has beaten consensus EPS estimates in three instances.
While an earnings beat or miss is significant, it is not the sole factor influencing a stock’s movement. Other factors can lead to gains or losses. Nevertheless, betting on stocks expected to beat earnings expectations increases the likelihood of success. Therefore, it is advisable to consider a company’s Earnings ESP and Zacks Rank prior to its quarterly release. Utilizing the Earnings ESP Filter can aid in identifying the best stocks to buy or sell before their reports are released.
Real Good Food Company Stock Performance:
– Over the last 5 days: Decreased by 33.73%
– Over the past month: Declined by 49.23%
– Over the last 3 months: Dropped by 60.71%
– Year-to-date: Fell by 75.11%
– Over the past year: Decreased by 75.98%
