IAMGOLD Corporation (NYSE:IAG) is projected to declare fiscal fourth quarter financial results right after the stock market’s official close on February 22, 2017. The stock lost about -20.3 percent in price since last results when it was at $ a share. Based on the most relevant past-periods data, there is an 59.26 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 16 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 2 times.
Here’s how traders responded to IAG earnings announcements over the past few quarters.
IAMGOLD Corporation (IAG) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 36.97 percent over the past four quarters. Back on November 7, 2016, it posted earnings per-share earnings at $0.05 which beat the consensus $0 projection (no surprise). For the quarter, revenue came in at 282.4M versus consensus estimate of 262.94M. The stock dropped 0 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 $0.01 a share compared with the consensus estimate of $-0.03 per share (positive surprise of 133.33%). Revenue of 232.5M for that quarter was below the $245.68M analysts had expected. The stock climbed 8.9% the day following the earnings announcement, and on 7th day price change was -2.46%.
On May 3, 2016, it recorded $-0.02 a share in earnings which topped the consensus estimate of $-0.05 (positive surprise of 60%). Revenue for the quarter was $219.7M while analysts called for revenues to be $224.24M. The stock dropped -0.93% the day following the earnings data was made public, and on 7th day price change was 12.15%.
On February 17, 2016, it announced earnings per share at $-0.16 versus the consensus estimate of $-0.11 per share (negative surprise of -45.45%). That came on revenues of $238.2M for that period. Analysts had expected $218.58M in revenue.
IAMGOLD Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0. The analysts’ present consensus range is $-0.02-$0.02 for EPS. The market consensus range for revenue is between $236.91M and $256.19M, with an average of $247.94M.
IAMGOLD Corporation (NYSE:IAG) last ended at $3.25, sending the company’s market cap near $1.48B. The consensus 12-month price target from analysts covering the stock is $5.24. The share price has declined -44.63% from its top level in 52 weeks and dropped 128.87% this year. It recently traded in a range of $3.21-$3.35 at a volume of 9440615 shares. The recent trading ended with the price nearly 1.25 higher for the last 5 trading days, rebounding 182.61% from its 52-week low.