FLIR Systems, Inc. (NASDAQ:FLIR) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 10, 2017. The stock added about 21.7 percent in price since last results when it was at $29.27 a share. Based on the most relevant past-periods data, there is an 59.26 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 16 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 25% of the time in its last 12 earnings reports. It fell short of earnings estimates on 9 occasions, and it has met expectations 0 time.
Here’s how traders responded to FLIR earnings announcements over the past few quarters.
FLIR Systems, Inc. (FLIR) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -3.37 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.43 which missed the consensus $0.44 projection (negative surprise of-2.27%). For the quarter, revenue came in at 405.23M versus consensus estimate of 402.98M. The stock gained 10.08 percent the session following the earnings reports were released, and on 7th day price change was 11.79 percent.
On July 27, 2016, it reported earnings at $0.34 a share compared with the consensus estimate of $0.35 per share (negative surprise of -2.86%). Revenue of 402.73M for that quarter was below the $403.07M analysts had expected. The stock retreated -0.92% the day following the earnings announcement, and on 7th day price change was -2.65%.
On April 26, 2016, it recorded $0.3 a share in earnings which missed the consensus estimate of $0.32 (negative surprise of -6.25%). Revenue for the quarter was $379.47M while analysts called for revenues to be $361.47M. The stock dropped -7.69% the day following the earnings data was made public, and on 7th day price change was -9.93%.
On February 11, 2016, it announced earnings per share at $0.47 versus the consensus estimate of $0.48 per share (negative surprise of -2.08%). That came on revenues of $381.93M for that period. Analysts had expected $389.51M in revenue.
FLIR Systems, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.34. The analysts’ present consensus range is $0.31-$0.37 for EPS. The market consensus range for revenue is between $386M and $397.86M, with an average of $391.14M.
FLIR Systems, Inc. (NASDAQ:FLIR) last ended at $35.77, sending the company’s market cap near $4.87B. The consensus 12-month price target from analysts covering the stock is $37.38. The share price has declined -3.77% from its top level in 52 weeks and advanced -1.16% this year. It recently traded at a volume of 416934 shares. The recent trading ended with the price nearly -0.89 lower for the last 5 trading days, rebounding 37.18% from its 52-week low.