Published on 25 May 2023 on Zacks via Yahoo Finance
Arco Platform Limited (ARCE) Reports Q1 Loss, Tops Revenue Estimates
Arco Platform Limited (ARCE) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.43 per share when it actually produced earnings of $0.40, delivering a surprise of -6.98%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.