However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. This insight is at the core of our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction). Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Revenues are expected to be $29.44 million, down 0.2% from the year-ago quarter.
On the date of publication, Ian Cooper did not have (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of +77.4%. All thanks to its exposure to the metaverse and the digital twin market. Given time, I still think the stock can double, if not triple. In short, there’s a lot going on with Matterport. She also noted that MTTR is “ a first mover in the digital transformation of physical spaces.” In addition, Morgan Stanley analyst Elizabeth Porter just initiated coverage with an “equal weight” rating, with a price target of $9 a share, as noted by. Wood believes the metaverse and the digital twin market could impact just about every sector of the economy. The company is also working with Amazon’s (NASDAQ: AMZN) Web Services Marketplace to help developers create digital twins for the Internet of Things.” Analysts seem to like the MTTR stock, tooĬathie Wood’s Ark Autonomous Technology & Robotics ETF (BATS: ARKQ) just bought around 535,000 shares of the MTTR stock. As I noted in March, “ Meta Platforms (NASDAQ: FB) partnered with Matterport and will release a collection of digital twins made up of residential and commercial real estate from real world environments. Three, the company could be exposed to a potential $48.2 billion digital twin market. That’s because the company builds the cameras used for virtual and 3D imagery used in the metaverse. Two, Matterport could have massive exposure to a potential $829 billion metaverse market by 2028, according to Emergen Research. In fact, subscription revenue expected to grow to $17.1 million to $17.4 million from $16.5 million quarter over quarter.
2021 subscription revenues were up 47% year over year. Top Reasons to Consider Matterport Stock Nowįor one, if you take a look at the company’s February 2022 investor deck, total subscribers were up 98% year over year. I’m also a bit frustrated by how poorly it’s performing, despite its growth. And while the stock has pulled back to $6.54 since then, I’m still just as bullish. Not only is Matterport exposed to a potential $829 billion metaverse market by 2028, it is also exposed to a potential $48.2 billion digital twin market by 2026.” That was on March 31, when MTTR stock traded at $8.12. The last time I weighed in on Matterport (NASDAQ: MTTR) stock, I said, “there is plenty to get excited about.
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