VerifyMe, Inc. VRME is slated to report its first-quarter 2023 results on May 11, before the bell.
The company delivered an earnings surprise of 125% in the fourth quarter of 2022.
VerifyMe, Inc. Price and EPS Surprise 
VerifyMe, Inc. price-eps-surprise | VerifyMe, Inc. Quote
Q1 Expectations
The Zacks Consensus Estimate for revenues is pegged at $6 million, indicating a more than 100% increase from the year-ago quarter’s actual figure. The consensus mark for the bottom line is pegged at a loss of 4 cents per share. The company reported a loss of 19 cents per share in the year-ago quarter.
VerifyMe’sperformance in the quarter is expected to have been positively impacted by the acquisition of the PeriShip Global business in April 2022.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for VerifyMe 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. But that’s not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
VerifyMe has an Earnings ESP of 0.00% and a Zacks Rank #1.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Earnings Snapshots of Some Service Providers
Omnicom OMC reported better-than-expected first-quarter 2023 results.
OMC’s earnings of $1.56 per share beat the Zacks Consensus Estimate by 13% and our estimate by 11.4%. EPS increased 12.2% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 2.3% and our estimate by 1.4%. The top line increased 1% year over year.
Equifax EFX also reported better-than-expected first-quarter 2023 results.
EFX’s adjusted earnings came in at $1.43, beating the consensus mark by 4.4% but declining 35.6% from the year-ago figure. Total revenues of $1.3 billion surpassed the consensus estimate by 1.5% but decreased 4.5% year over year.
ManpowerGroup MAN reported lower-than-expected first-quarter 2023 results.
MAN’s adjusted earnings of $1.61 per share lagged the consensus mark by 0.6% but matched our estimate. Revenues of $4.8 billion missed the consensus mark by 1.3% and our estimate by a slight margin. The top line decreased 7.6% year over year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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