Arco Platform (ARCE) to Release Earnings on Tuesday

Arco Platform (NASDAQ:ARCE) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 21st. Analysts expect Arco Platform to post earnings of $0.12 per share for the quarter. Arco Platform has set its Q1 2019 guidance at EPS.

Arco Platform (NASDAQ:ARCE) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $31.78 million during the quarter. On average, analysts expect Arco Platform to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of ARCE stock opened at $37.80 on Tuesday. Arco Platform has a 12-month low of $17.68 and a 12-month high of $40.00. The firm has a market capitalization of $803.26 million and a PE ratio of 140.00.

Separately, Zacks Investment Research lowered shares of Arco Platform from a “hold” rating to a “sell” rating in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Arco Platform currently has a consensus rating of “Buy” and a consensus price target of $27.00.

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Arco Platform Company Profile

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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