Instructure (INST) to Report Q4 Earnings: What's in the Cards?
Instructure Holdings, Inc. INST is scheduled to report fourth-quarter 2022 results on Feb 13, after market close.
Let’s check out how things have shaped up so far for the announcement.
Expectations This Time Around
The Zacks Consensus Estimate for fourth-quarter 2022 revenues is pegged at $121.3 million, indicating growth of 9.7% from the year-ago period’s reported figure. The upside can be attributed to strength in Subscription and support segment’s revenues (owing to continued momentum within the core Canvas LMS product as well as strong upsell and cross-sell of other products). Professional services and other segment’s revenues might have also aided results (driven by solid implementation and training services delivery in the higher education business).
The Zacks Consensus Estimate for earnings is pegged at 26 cents per share, indicating 23.5% plunge from the year-ago quarter’s reported figure. High operating expenses are likely to have dented the bottom-line results.
Instructure Holdings, Inc. Price and EPS Surprise
Instructure Holdings, Inc. price-eps-surprise | Instructure Holdings, Inc. Quote
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Instructure this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which isn’t the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Instructure has an Earnings ESP of 0.00% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Accenture plc ACN has an Earnings ESP of +3.30% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here.
Accenture has an expected earnings growth rate of 7% for fiscal 2023. ACN has a trailing four-quarter earnings surprise of 3.2%, on average.
Avis Budget Group, Inc. CAR has an Earnings ESP of +21.69% and is Zacks #3 Ranked.
CAR has a trailing four-quarter earnings surprise of 67.2%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Accenture PLC (ACN) : Free Stock Analysis Report
Avis Budget Group, Inc. (CAR) : Free Stock Analysis Report
Instructure Holdings, Inc. (INST) : Free Stock Analysis Report
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