CyrusOne Inc. (NASDAQ:CONE) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 22, 2017. The stock added about 4.3 percent in price since last results when it was at $44.45 a share. Based on the most relevant past-periods data, there is an 56.25 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 9 times out of last 16 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.
Here’s how traders responded to CONE earnings announcements over the past few quarters.
CyrusOne Inc. (CONE) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 7.51 percent over the past four quarters. Back on October 31, 2016, it posted earnings per-share earnings at $0.67 which beat the consensus $0.63 projection (positive surprise of6.35%. For the quarter, revenue came in at 143.8M versus consensus estimate of 136.21M. The stock dropped -0.49 percent the session following the earnings reports were released, and on 7th day price change was -5.11 percent.
On August 1, 2016, it reported earnings at $0.67 a share compared with the consensus estimate of $0.6 per share (positive surprise of 11.67%). Revenue of 130.1M for that quarter was above the $125.94M analysts had expected. The stock retreated -3.58% the day following the earnings announcement, and on 7th day price change was -8.44%.
On May 4, 2016, it recorded $0.63 a share in earnings which topped the consensus estimate of $0.6 (positive surprise of 5%). Revenue for the quarter was $117.8M while analysts called for revenues to be $116.1M. The stock gained 2.59% the day following the earnings data was made public, and on 7th day price change was 4.8%.
On February 23, 2016, it announced earnings per share at $0.61 versus the consensus estimate of $0.57 per share (positive surprise of 7.02%). That came on revenues of $113.3M for that period. Analysts had expected $115.36M in revenue.
CyrusOne Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.09. The analysts’ present consensus range is $0.04-$0.22 for EPS. The market consensus range for revenue is between $140.4M and $151.49M, with an average of $146.75M.
CyrusOne Inc. (NASDAQ:CONE) last ended at $47.58, sending the company’s market cap near $4.15B. The consensus 12-month price target from analysts covering the stock is $54.2. The share price has declined -15.14% from its top level in 52 weeks and dropped 6.37% this year. It recently traded in a range of $46.21-$47.76 at a volume of 1220481 shares. The recent trading ended with the price nearly 7.62 higher for the last 5 trading days, rebounding 51.68% from its 52-week low.