Acxiom Corporation (NASDAQ:ACXM) is projected to declare fiscal third quarter financial results right after the stock market’s official close on February 01, 2017. The stock lost about -1.6 percent in price since last results when it was at $ a share. Based on the most relevant past-periods data, there is an 51.85 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 14 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to ACXM earnings announcements over the past few quarters.
Acxiom Corporation (ACXM) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 123.33 percent over the past four quarters. Back on November 7, 2016, it posted earnings per-share earnings at $0.08 which beat the consensus $0.04 projection (positive surprise of100%. For the quarter, revenue came in at 217.27M versus consensus estimate of 216.47M. The stock dropped 0 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On August 4, 2016, it reported earnings at $0.08 a share compared with the consensus estimate of $0.02 per share (positive surprise of 300%). Revenue of 214.8M for that quarter was above the $203.38M analysts had expected. The stock climbed 8.74% the day following the earnings announcement, and on 7th day price change was 8.35%.
On May 17, 2016, it recorded $0.08 a share in earnings which topped the consensus estimate of $0.05 (positive surprise of 60%). Revenue for the quarter was $224.65M while analysts called for revenues to be $213.9M. The stock dropped -12.11% the day following the earnings data was made public, and on 7th day price change was -5.09%.
On February 4, 2016, it announced earnings per share at $0.08 versus the consensus estimate of $0.06 per share (positive surprise of 33.33%). That came on revenues of $221.19M for that period. Analysts had expected $214.25M in revenue.
Acxiom Corporation Earnings Estimates
As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.12. The analysts’ present consensus range is $0.11-$0.12 for EPS. The market consensus range for revenue is between $213.5M and $214.2M, with an average of $213.9M.
Acxiom Corporation (NASDAQ:ACXM) last ended at $26.81, sending the company’s market cap near $2.08B. The consensus 12-month price target from analysts covering the stock is $32. The share price has declined -3.21% from its top level in 52 weeks and dropped 28.15% this year. It recently traded at a volume of 854236 shares. The recent trading ended with the price nearly -1.79 lower for the last 5 trading days, rebounding 54.79% from its 52-week low.