Intevac, Inc. (NASDAQ:IVAC) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on January 31, 2017. The stock added about 52.5 percent in price since last results when it was at $5.9 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 down following next quarterly results. Earnings reaction history tells us that the equity price moved down 14 times out of last 27 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 IVAC earnings announcements over the past few quarters.
Intevac, Inc. (IVAC) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 41.61 percent over the past four quarters. Back on November 1, 2016, it posted earnings per-share earnings at $-0.02 which beat the consensus $-0.07 projection (positive surprise of71.43%. For the quarter, revenue came in at 22.56M versus consensus estimate of 21.88M. The stock dropped -1.69 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On August 1, 2016, it reported earnings at $-0.18 a share compared with the consensus estimate of $-0.27 per share (positive surprise of 33.33%). Revenue of 14.92M for that quarter was above the $14.2M analysts had expected. The stock climbed 9.65% the day following the earnings announcement, and on 7th day price change was 7.89%.
On May 2, 2016, it recorded $-0.31 a share in earnings which topped the consensus estimate of $-0.37 (positive surprise of 16.22%). Revenue for the quarter was $13.66M while analysts called for revenues to be $11.58M. The stock gained 2.91% the day following the earnings data was made public, and on 7th day price change was -3.33%.
On February 3, 2016, it announced earnings per share at $-0.12 versus the consensus estimate of $-0.22 per share (positive surprise of 45.45%). That came on revenues of $18.42M for that period. Analysts had expected $14.78M in revenue.
Intevac, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.01. The analysts’ present consensus range is $-0.09-$0.09 for EPS. The market consensus range for revenue is between $18.3M and $30.5M, with an average of $24.45M.
Intevac, Inc. (NASDAQ:IVAC) last ended at $8.9, sending the company’s market cap near $186.28M. The consensus 12-month price target from analysts covering the stock is $8.2. The share price has declined -2.73% from its top level in 52 weeks and dropped 4.09% this year. It recently traded at a volume of 110662 shares. The recent trading ended with the price nearly 22.76 higher for the last 5 trading days, rebounding 123.06% from its 52-week low.