AllianceBernstein Holding L.P. (NYSE:AB) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 16, 2017. The stock added about 12 percent in price since last results when it was at $21.29 a share. Based on the most relevant past-periods data, there is an 60.71 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 17 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 3 times.
Here’s how traders responded to AB earnings announcements over the past few quarters.
AllianceBernstein Holding L.P. (AB) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -2.32 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.45 which beat the consensus $0.44 projection (positive surprise of2.27%. For the quarter, revenue came in at 747.59M versus consensus estimate of 736.76M. The stock gained 3.01 percent the session following the earnings reports were released, and on 7th day price change was -0.89 percent.
On July 28, 2016, it reported earnings at $0.4 a share compared with the consensus estimate of $0.44 per share (negative surprise of -9.09%). Revenue of 725.81M for that quarter was above the $700.11M analysts had expected. The stock retreated -1.46% the day following the earnings announcement, and on 7th day price change was -9.46%.
On April 28, 2016, it recorded $0.4 a share in earnings which missed the consensus estimate of $0.41 (negative surprise of -2.44%). Revenue for the quarter was $769.13M while analysts called for revenues to be $726.45M. The stock dropped -3.76% the day following the earnings data was made public, and on 7th day price change was -5.8%.
On February 11, 2016, it announced earnings per share at $0.5 versus the consensus estimate of $0.5 per share (negative surprise of 0%). That came on revenues of $726.73M for that period. Analysts had expected $755.61M in revenue.
AllianceBernstein Holding L.P. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.43. The analysts’ present consensus range is $0.41-$0.45 for EPS. The market consensus range for revenue is between $734.17M and $762M, with an average of $748.09M.
AllianceBernstein Holding L.P. (NYSE:AB) last ended at $22.85, sending the company’s market cap near $2.17B. The consensus 12-month price target from analysts covering the stock is $24. The share price has declined -8.6% from its top level in 52 weeks and advanced -2.56% this year. It recently traded in a range of $22.6-$24.1 at a volume of 1044577 shares. The recent trading ended with the price nearly -4.99 lower for the last 5 trading days, rebounding 54.25% from its 52-week low.