Brokerages Anticipate Arco Platform Limited (NASDAQ:ARCE) to Post $0.14 EPS

Wall Street analysts forecast that Arco Platform Limited (NASDAQ:ARCE – Get Rating) will announce earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have made estimates for Arco Platform’s earnings. Arco Platform posted earnings of $0.20 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 30%. The company is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Arco Platform will report full year earnings of $0.43 per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.74 per share. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Arco Platform.

Arco Platform (NASDAQ:ARCE – Get Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.30). Arco Platform had a negative net margin of 13.33% and a negative return on equity of 8.00%. The business had revenue of $82.58 million during the quarter, compared to analysts’ expectations of $73.85 million. During the same period in the previous year, the company posted $0.08 earnings per share.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Arco Platform from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 19th. JPMorgan Chase & Co. began coverage on shares of Arco Platform in a research report on Wednesday, February 16th. They set a “neutral” rating and a $22.00 price target for the company.

Several large investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new position in Arco Platform in the 3rd quarter valued at approximately $30,000. Exchange Traded Concepts LLC boosted its position in Arco Platform by 93.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,654 shares of the company’s stock valued at $35,000 after buying an additional 798 shares during the period. Davy Global Fund Management Ltd purchased a new position in Arco Platform in the 1st quarter valued at approximately $202,000. Squarepoint Ops LLC purchased a new position in Arco Platform in the 4th quarter valued at approximately $210,000. Finally, DSM Capital Partners LLC boosted its position in Arco Platform by 9.9% in the 4th quarter. DSM Capital Partners LLC now owns 12,540 shares of the company’s stock valued at $262,000 after buying an additional 1,125 shares during the period.

ARCE stock opened at $15.57 on Friday. The company’s 50-day simple moving average is $19.21 and its 200-day simple moving average is $19.49. The company has a quick ratio of 1.36, a current ratio of 1.47 and a debt-to-equity ratio of 0.85. Arco Platform has a 52-week low of $14.96 and a 52-week high of $34.34. The firm has a market cap of $458.55 million, a P/E ratio of -29.38 and a beta of 0.74.

About Arco Platform (Get Rating)

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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