ItauUnibanco Holding S.A. (NYSE:ITUB) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 07, 2017. The stock lost about -15.6 percent in price since last results when it was at $11.93 a share. Based on the most relevant past-periods data, there is an 80 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 4 times out of last 5 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 1 time.
Here’s how traders responded to ITUB earnings announcements over the past few quarters.
ItauUnibanco Holding S.A. (ITUB) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 12.8 percent over the past four quarters. Back on November 1, 2016, it posted earnings per-share earnings at $0.26 which beat the consensus $0.24 projection (positive surprise of8.33%. For the quarter, revenue came in at 8.59B versus consensus estimate of 8.21B. The stock dropped -3.6 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On August 3, 2016, it reported earnings at $0.26 a share compared with the consensus estimate of $0.21 per share (positive surprise of 23.81%). Revenue of 9.05B for that quarter was above the $7.38B analysts had expected. The stock climbed 4.49% the day following the earnings announcement, and on 7th day price change was 7.8%.
On February 2, 2016, it announced earnings per share at $0.23 versus the consensus estimate of $0.21 per share (positive surprise of 9.52%). That came on revenues of $10.04B for that period. Analysts had expected $7.54B in revenue.
ItauUnibanco Holding S.A. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.27. The analysts’ present consensus range is $0.26-$0.28 for EPS. The market consensus range for revenue is between $8.25B and $8.71B, with an average of $8.48B.
ItauUnibanco Holding S.A. (NYSE:ITUB) last ended at $10.07, sending the company’s market cap near $61.52B. The consensus 12-month price target from analysts covering the stock is $10.45. The share price has declined -17.36% from its top level in 52 weeks and dropped 77.91% this year. It recently traded in a range of $10.01-$10.18 at a volume of 17250002 shares. The recent trading ended with the price nearly 3.07 higher for the last 5 trading days, rebounding 111.22% from its 52-week low.