Illumina, Inc. (NASDAQ:ILMN) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on January 31, 2017. The stock lost about -6 percent in price since last results when it was at $139.5 a share. Based on the most relevant past-periods data, there is an 56.67 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 17 times out of last 30 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to ILMN earnings announcements over the past few quarters.
Illumina, Inc. (ILMN) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 6.01 percent over the past four quarters. Back on November 1, 2016, it posted earnings per-share earnings at $0.97 which beat the consensus $0.87 projection (positive surprise of11.49%. For the quarter, revenue came in at 607.14M versus consensus estimate of 614.31M. The stock dropped -2.75 percent the session following the earnings reports were released, and on 7th day price change was -1.29 percent.
On July 26, 2016, it reported earnings at $0.86 a share compared with the consensus estimate of $0.73 per share (positive surprise of 17.81%). Revenue of 600.12M for that quarter was above the $593.12M analysts had expected. The stock climbed 8.09% the day following the earnings announcement, and on 7th day price change was 11.21%.
On May 3, 2016, it recorded $0.71 a share in earnings which missed the consensus estimate of $0.74 (negative surprise of -4.05%). Revenue for the quarter was $571.76M while analysts called for revenues to be $593.07M. The stock gained 0.99% the day following the earnings data was made public, and on 7th day price change was 6.88%.
On February 2, 2016, it announced earnings per share at $0.81 versus the consensus estimate of $0.82 per share (negative surprise of -1.22%). That came on revenues of $591.55M for that period. Analysts had expected $585.18M in revenue.
Illumina, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.84. The analysts’ present consensus range is $0.78-$0.9 for EPS. The market consensus range for revenue is between $608.1M and $643.23M, with an average of $629.03M.
Illumina, Inc. (NASDAQ:ILMN) last ended at $135.18, sending the company’s market cap near $19.86B. The consensus 12-month price target from analysts covering the stock is $141.65. The share price has declined -28.19% from its top level in 52 weeks and dropped 5.58% this year. It recently traded at a volume of 1343663 shares. The recent trading ended with the price nearly 4.84 higher for the last 5 trading days, rebounding 13.24% from its 52-week low.