Electromed Earnings Estimate
| ELMD Stock | USD 14.65 0.11 0.76% |
Electromed |
Electromed Earnings Estimation Breakdown
The calculation of Electromed's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Electromed is estimated to be 0.13 with the future projection ranging from a low of 0.13 to a high of 0.13. Please be aware that this consensus of annual earnings estimates for Electromed is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.13 Lowest | Expected EPS | 0.13 Highest |
Electromed Earnings Projection Consensus
Suppose the current estimates of Electromed's value are higher than the current market price of the Electromed stock. In this case, investors may conclude that Electromed is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Electromed's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
| 0 | 52.63% | 0.19 | 0.13 | 0.45 |
Electromed Earnings History
Earnings estimate consensus by Electromed analysts from Wall Street is used by the market to judge Electromed's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Electromed's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.Electromed Quarterly Gross Profit |
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Electromed's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Electromed Earnings per Share Projection vs Actual
Actual Earning per Share of Electromed refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Electromed predict the company's earnings will be in the future. The higher the earnings per share of Electromed, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Electromed Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Electromed, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Electromed should always be considered in relation to other companies to make a more educated investment decision.Electromed Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Electromed's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-02-13 | 2023-12-31 | 0.1 | 0.19 | 0.09 | 90 | ||
2023-11-07 | 2023-09-30 | 0.1 | 0.02 | -0.08 | 80 | ||
2023-08-22 | 2023-06-30 | 0.13 | 0.12 | -0.01 | 7 | ||
2023-05-09 | 2023-03-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2023-02-14 | 2022-12-31 | 0.04 | 0.11 | 0.07 | 175 | ||
2022-11-08 | 2022-09-30 | 0.04 | 0.01 | -0.03 | 75 | ||
2022-08-23 | 2022-06-30 | 0.08 | 0.04 | -0.04 | 50 | ||
2022-05-10 | 2022-03-31 | 0.05 | 0.07 | 0.02 | 40 | ||
2022-02-08 | 2021-12-31 | 0.07 | 0.1 | 0.03 | 42 | ||
2021-11-09 | 2021-09-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2021-08-24 | 2021-06-30 | 0.06 | 0.04 | -0.02 | 33 | ||
2021-05-11 | 2021-03-31 | 0.06 | 0.03 | -0.03 | 50 | ||
2021-02-09 | 2020-12-31 | 0.04 | 0.13 | 0.09 | 225 | ||
2020-11-10 | 2020-09-30 | -0.05 | 0.06 | 0.11 | 220 | ||
2020-08-25 | 2020-06-30 | -0.15 | 0.04 | 0.19 | 126 | ||
2020-05-12 | 2020-03-31 | 0.06 | 0.07 | 0.01 | 16 | ||
2020-02-11 | 2019-12-31 | 0.04 | 0.14 | 0.1 | 250 | ||
2019-11-12 | 2019-09-30 | 0.01 | 0.12 | 0.11 | 1100 | ||
2018-09-25 | 2018-06-30 | 0.07 | 0.13 | 0.06 | 85 | ||
2018-05-08 | 2018-03-31 | 0.07 | 0.04 | -0.03 | 42 | ||
2018-02-13 | 2017-12-31 | 0.03 | 0.0585 | 0.0285 | 95 | ||
2017-11-07 | 2017-09-30 | 0.03 | 0.01 | -0.02 | 66 | ||
2017-02-07 | 2016-12-31 | 0.03 | 0.05 | 0.02 | 66 | ||
2016-11-08 | 2016-09-30 | 0.03 | 0.02 | -0.01 | 33 | ||
2016-09-06 | 2016-06-30 | 0.05 | 0.04 | -0.01 | 20 | ||
2016-05-10 | 2016-03-31 | 0.07 | 0.06 | -0.01 | 14 | ||
2016-02-09 | 2015-12-31 | 0.05 | 0.13 | 0.08 | 160 | ||
2015-11-10 | 2015-09-30 | -0.01 | 0.0417 | 0.0517 | 517 | ||
2015-09-15 | 2015-06-30 | 0.02 | 0.03 | 0.01 | 50 | ||
2015-02-10 | 2014-12-31 | 0 | 0.05 | 0.05 | 0 | ||
2014-11-12 | 2014-09-30 | -0.01 | 0.05 | 0.06 | 600 | ||
2014-09-23 | 2014-06-30 | 0 | 0.04 | 0.04 | 0 | ||
2014-05-13 | 2014-03-31 | 0 | -0.12 | -0.12 | 0 | ||
2014-02-11 | 2013-12-31 | -0.03 | -0.03 | 0.0 | 0 | ||
2013-11-12 | 2013-09-30 | -0.02 | -0.04 | -0.02 | 100 | ||
2013-09-25 | 2013-06-30 | -0.05 | -0.05 | 0.0 | 0 | ||
2013-05-14 | 2013-03-31 | -0.03 | -0.05 | -0.02 | 66 | ||
2013-02-13 | 2012-12-31 | 0 | -0.05 | -0.05 | 0 | ||
2012-11-13 | 2012-09-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2012-09-24 | 2012-06-30 | 0.01 | -0.02 | -0.03 | 300 | ||
2012-05-14 | 2012-03-31 | 0.03 | 0.01 | -0.02 | 66 | ||
2012-02-13 | 2011-12-31 | 0.01 | 0.003 | -0.007 | 70 | ||
2011-11-08 | 2011-09-30 | 0.03 | 0.03 | 0.0 | 0 | ||
2011-09-12 | 2011-06-30 | 0.03 | 0.02 | -0.01 | 33 | ||
2011-05-12 | 2011-03-31 | 0.04 | 0.06 | 0.02 | 50 | ||
2011-02-10 | 2010-12-31 | 0.05 | 0.04 | -0.01 | 20 | ||
2010-11-15 | 2010-09-30 | 0.02 | 0.02 | 0.0 | 0 |
About Electromed Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Electromed earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Electromed estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Electromed fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 21.6 M | 22.7 M | |
| Retained Earnings Total Equity | 21.6 M | 22.7 M | |
| Earnings Yield | 0.03 | 0.02 | |
| Price Earnings Ratio | 32.93 | 31.21 | |
| Price Earnings To Growth Ratio | 0.89 | 0.93 |
Pair Trading with Electromed
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Electromed position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Electromed will appreciate offsetting losses from the drop in the long position's value.Moving together with Electromed Stock
| 0.85 | ENSG | Ensign Group Financial Report 24th of April 2024 | PairCorr |
| 0.78 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
Moving against Electromed Stock
| 0.81 | INNV | InnovAge Holding Corp Financial Report 14th of May 2024 | PairCorr |
| 0.76 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.73 | LUCY | Innovative Eyewear | PairCorr |
| 0.72 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
| 0.63 | XRAY | Dentsply Sirona Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Electromed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electromed when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Electromed - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Electromed to buy it.
The correlation of Electromed is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Electromed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electromed moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Electromed can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electromed. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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When running Electromed's price analysis, check to measure Electromed's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electromed is operating at the current time. Most of Electromed's value examination focuses on studying past and present price action to predict the probability of Electromed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electromed's price. Additionally, you may evaluate how the addition of Electromed to your portfolios can decrease your overall portfolio volatility.
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Is Electromed's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electromed. If investors know Electromed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electromed listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.727 | Earnings Share 0.45 | Revenue Per Share 6.072 | Quarterly Revenue Growth 0.167 | Return On Assets 0.0721 |
The market value of Electromed is measured differently than its book value, which is the value of Electromed that is recorded on the company's balance sheet. Investors also form their own opinion of Electromed's value that differs from its market value or its book value, called intrinsic value, which is Electromed's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Electromed's market value can be influenced by many factors that don't directly affect Electromed's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Electromed's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electromed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electromed's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.