We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
In the last reported quarter, VIRC’s earnings per share (EPS) and net sales surpassed the Zacks Consensus Estimate by 200% and 24%, respectively. On a year-over-year basis, revenues increased 33.7% and EPS expanded 244.4%.
The company’s bottom line topped the consensus mark in seven of the trailing eight quarters.
Trend in Estimate Revision
The Zacks Consensus Estimate for the to-be-reported quarter’s EPS has remained stable at $1.00 over the past 60 days. The estimated figure indicates 5.3% growth from the year-ago quarter’s 95 cents.
Virco Manufacturing Corporation Price and EPS Surprise
The consensus mark for net sales is pegged at $115.9 million, indicating a rise of 8% year over year.
Factors to Note
VIRC is likely to have generated higher net sales and earnings in the fiscal second quarter. Virco’s vertically integrated model remains highly adaptable to assist schools in adjusting their calendars and curricula to address student learning challenges. This adaptability, coupled with solid control over inventories, delivery performance and the entire order-to-cash cycle, enables the company to generate better results.
Virco’s strategic decision to always keep its operations domestic has positioned it well in the current economic environment, mitigating labor and supply chain hurdles. Also, it is actively evaluating potential acquisitions to expand and strengthen its current capabilities via major equipment purchases, as well as bolt-on acquisitions of smaller companies or suppliers.
However, VIRC is experiencing a shrinking backlog, which is a good predictor of future revenues. This trend suggests potential revenue challenges in the upcoming busy seasons (fiscal second and third quarters) when schools typically place large orders for furniture. Also, declining inventory levels have been affecting the company. This decline could suggest an expectation of lower sales volumes in the fiscal second quarter.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Virco 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.
Earnings ESP: The company presently has an Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Virco currently carries a Zacks Rank #3.
RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.1% and 69.9%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (DDI - Free Report) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average.
The Zacks Consensus Estimate for DDI’s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Monarch Casino & Resort, Inc. (MCRI - Free Report) currently carries a Zacks Rank of 2. MCRI has a trailing four-quarter negative earnings surprise of 3.5%, on average.
The Zacks Consensus Estimate for MCRI’s 2024 sales and EPS indicates an increase of 2.3% and 10%, respectively, from the year-ago levels.
Image: Bigstock
Virco Gears Up to Report Q2 Earnings: What in the Offing?
Virco Mfg. Corporation (VIRC - Free Report) is expected to have generated stronger performance in second-quarter fiscal 2025.
In the last reported quarter, VIRC’s earnings per share (EPS) and net sales surpassed the Zacks Consensus Estimate by 200% and 24%, respectively. On a year-over-year basis, revenues increased 33.7% and EPS expanded 244.4%.
The company’s bottom line topped the consensus mark in seven of the trailing eight quarters.
Trend in Estimate Revision
The Zacks Consensus Estimate for the to-be-reported quarter’s EPS has remained stable at $1.00 over the past 60 days. The estimated figure indicates 5.3% growth from the year-ago quarter’s 95 cents.
Virco Manufacturing Corporation Price and EPS Surprise
Virco Manufacturing Corporation price-eps-surprise | Virco Manufacturing Corporation Quote
The consensus mark for net sales is pegged at $115.9 million, indicating a rise of 8% year over year.
Factors to Note
VIRC is likely to have generated higher net sales and earnings in the fiscal second quarter. Virco’s vertically integrated model remains highly adaptable to assist schools in adjusting their calendars and curricula to address student learning challenges. This adaptability, coupled with solid control over inventories, delivery performance and the entire order-to-cash cycle, enables the company to generate better results.
Virco’s strategic decision to always keep its operations domestic has positioned it well in the current economic environment, mitigating labor and supply chain hurdles. Also, it is actively evaluating potential acquisitions to expand and strengthen its current capabilities via major equipment purchases, as well as bolt-on acquisitions of smaller companies or suppliers.
However, VIRC is experiencing a shrinking backlog, which is a good predictor of future revenues. This trend suggests potential revenue challenges in the upcoming busy seasons (fiscal second and third quarters) when schools typically place large orders for furniture. Also, declining inventory levels have been affecting the company. This decline could suggest an expectation of lower sales volumes in the fiscal second quarter.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Virco 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.
Earnings ESP: The company presently has an Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Virco currently carries a Zacks Rank #3.
Key Consumer Discretionary Picks
Royal Caribbean Cruises Ltd. (RCL - Free Report) currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
RCL has a trailing four-quarter earnings surprise of 18.5%, on average. The Zacks Consensus Estimate for RCL’s 2024 sales and EPS indicates growth of 18.1% and 69.9%, respectively, from the year-ago levels.
DoubleDown Interactive Co., Ltd. (DDI - Free Report) currently flaunts a Zacks Rank of 1. DDI has a trailing four-quarter earnings surprise of 22.1%, on average.
The Zacks Consensus Estimate for DDI’s 2024 sales and EPS indicates an increase of 12.6% and 15.8%, respectively, from the year-ago levels.
Monarch Casino & Resort, Inc. (MCRI - Free Report) currently carries a Zacks Rank of 2. MCRI has a trailing four-quarter negative earnings surprise of 3.5%, on average.
The Zacks Consensus Estimate for MCRI’s 2024 sales and EPS indicates an increase of 2.3% and 10%, respectively, from the year-ago levels.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.