Arlington Asset Investment Corp. (NYSE:AI) is projected to declare fiscal fourth quarter financial results right after the stock market’s official close on February 07, 2017. The stock lost about -1.9 percent in price since last results when it was at $15.09 a share. Based on the most relevant past-periods data, there is an 53.85 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 26 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 0 time.
Here’s how traders responded to AI earnings announcements over the past few quarters.
Arlington Asset Investment Corp. (AI) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -3.68 percent over the past four quarters. Back on October 25, 2016, it posted earnings per-share earnings at $0.6 which missed the consensus $0.61 projection (negative surprise of-1.64%). For the quarter, revenue came in at 18.26M versus consensus estimate of 21.18M. The stock dropped -2.25 percent the session following the earnings reports were released, and on 7th day price change was -5.63 percent.
On July 26, 2016, it reported earnings at $0.66 a share compared with the consensus estimate of $ per share (negative surprise of %). Revenue of 19.65M for that quarter was below the $21.13M analysts had expected. The stock climbed 0.93% the day following the earnings announcement, and on 7th day price change was 4.87%.
On May 10, 2016, it recorded $0.78 a share in earnings which missed the consensus estimate of $0.86 (negative surprise of -9.3%). Revenue for the quarter was $22.06M while analysts called for revenues to be $25.88M. The stock gained 0.61% the day following the earnings data was made public, and on 7th day price change was 0.61%.
On February 2, 2016, it announced earnings per share at $1.27 versus the consensus estimate of $1.32 per share (negative surprise of -3.79%). That came on revenues of $32.94M for that period. Analysts had expected $33.66M in revenue.
Arlington Asset Investment Corp. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.65. The analysts’ present consensus range is $0.63-$0.68 for EPS. The market consensus range for revenue is between $16.3M and $21.72M, with an average of $18.85M.
Arlington Asset Investment Corp. (NYSE:AI) last ended at $15.04, sending the company’s market cap near $346.34M. The consensus 12-month price target from analysts covering the stock is $15.25. The share price has declined -12.2% from its top level in 52 weeks and dropped 30.41% this year. It recently traded in a range of $14.8-$15.18 at a volume of 303006 shares. The recent trading ended with the price nearly -3.96 lower for the last 5 trading days, rebounding 83.16% from its 52-week low.