PolyOne Corporation (NYSE:POL) 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 4.2 percent in price since last results when it was at $31.07 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 up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 1 time.
Here’s how traders responded to POL earnings announcements over the past few quarters.
PolyOne Corporation (POL) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 3.66 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.56 which beat the consensus $0.55 projection (positive surprise of1.82%. For the quarter, revenue came in at 843.6M versus consensus estimate of 840.48M. The stock dropped -5.05 percent the session following the earnings reports were released, and on 7th day price change was -5.92 percent.
On July 27, 2016, it reported earnings at $0.63 a share compared with the consensus estimate of $0.61 per share (positive surprise of 3.28%). Revenue of 861.5M for that quarter was below the $878.11M analysts had expected. The stock retreated -2.04% the day following the earnings announcement, and on 7th day price change was -7.4%.
On April 26, 2016, it recorded $0.56 a share in earnings which topped the consensus estimate of $0.48 (positive surprise of 16.67%). Revenue for the quarter was $847M while analysts called for revenues to be $840.06M. The stock gained 7.96% the day following the earnings data was made public, and on 7th day price change was 11.59%.
On February 3, 2016, it announced earnings per share at $0.39 versus the consensus estimate of $0.42 per share (negative surprise of -7.14%). That came on revenues of $775.8M for that period. Analysts had expected $788.94M in revenue.
PolyOne Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.58. The analysts’ present consensus range is $0.57-$0.6 for EPS. The market consensus range for revenue is between $847.21M and $893.7M, with an average of $870.84M.
PolyOne Corporation (NYSE:POL) last ended at $32.49, sending the company’s market cap near $2.72B. The consensus 12-month price target from analysts covering the stock is $36.43. The share price has declined -14.6% from its top level in 52 weeks and dropped 1.4% this year. It recently traded in a range of $32.35-$32.81 at a volume of 387752 shares. The recent trading ended with the price nearly 0.19 higher for the last 5 trading days, rebounding 47.59% from its 52-week low.