Key Highlights:
- Innodata Inc. (INOD, Financial) is set to announce its Q1 earnings on May 8th, with analysts predicting significant growth.
- Expected earnings per share (EPS) suggest a remarkable 500% year-over-year increase.
- Consensus indicates an "Outperform" rating, pointing to potential investment opportunities.
Anticipated Earnings Surge
Innodata Inc. (NYSE: INOD) is gearing up for its Q1 earnings announcement on May 8th, and analysts are forecasting a notable upswing. Projections for earnings per share (EPS) stand at $0.18, marking a tremendous 500% increase compared to the previous year. The revenue forecast paints an equally optimistic picture, with expectations set at $57.63 million—a 117.5% surge. These bullish projections come amidst recently upward-revised revenue estimates, indicating a positive outlook for the company.
Wall Street Analysts' Forecasts
The financial community holds a favorable view of Innodata Inc., as reflected in the one-year price targets from four analysts. The average target price is pegged at $74.00, with estimates spanning from a high of $75.00 to a low of $72.00. This suggests a potential upside of 93.41% from the current stock price of $38.26. Investors can delve deeper into these estimates by exploring the Innodata Inc (INOD, Financial) Forecast page.
Analyst Recommendations
Innodata Inc. enjoys an encouraging consensus recommendation from four brokerage firms, landing an average brokerage recommendation score of 1.8. This is indicative of an "Outperform" rating. The recommendation scale operates from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell. This rating underscores the positive sentiment surrounding Innodata's performance and future potential.
GF Value Analysis
According to GuruFocus estimates, the GF Value for Innodata Inc. stands at $20.24 for the next year, suggesting a potential downside of 47.1% compared to the current price of $38.26. The GF Value is GuruFocus' proprietary estimation of a stock's fair value, calculated based on historical trading multiples, past business growth, and future performance forecasts. Interested investors can find more comprehensive data on the Innodata Inc (INOD, Financial) Summary page.
