Health Insurance Innovations, Inc. (NASDAQ:HIIQ) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 22, 2017. The stock added about 238.8 percent in price since last results when it was at $5.8 a share. Based on the most relevant past-periods data, there is an 71.43 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 10 times out of last 14 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to HIIQ earnings announcements over the past few quarters.
Health Insurance Innovations, Inc. (HIIQ) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 270.84 percent over the past four quarters. Back on November 2, 2016, it posted earnings per-share earnings at $0.33 which beat the consensus $0.11 projection (positive surprise of200%. For the quarter, revenue came in at 46.11M versus consensus estimate of 39.27M. The stock gained 6.03 percent the session following the earnings reports were released, and on 7th day price change was 11.21 percent.
On August 8, 2016, it reported earnings at $0.27 a share compared with the consensus estimate of $0.06 per share (positive surprise of 350%). Revenue of 44.49M for that quarter was above the $37.11M analysts had expected. The stock climbed 17.5% the day following the earnings announcement, and on 7th day price change was 37.75%.
On May 9, 2016, it recorded $0.17 a share in earnings which topped the consensus estimate of $0.03 (positive surprise of 466.67%). Revenue for the quarter was $42.49M while analysts called for revenues to be $33.69M. The stock dropped -1.59% the day following the earnings data was made public, and on 7th day price change was -0.16%.
On March 3, 2016, it announced earnings per share at $0.1 versus the consensus estimate of $0.06 per share (positive surprise of 66.67%). That came on revenues of $33.62M for that period. Analysts had expected $29.31M in revenue.
Health Insurance Innovations, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.25. The analysts’ present consensus range is $0.21-$0.3 for EPS. The market consensus range for revenue is between $50.04M and $50.04M, with an average of $50.04M.
Health Insurance Innovations, Inc. (NASDAQ:HIIQ) last ended at $19.5, sending the company’s market cap near $321.3M. The consensus 12-month price target from analysts covering the stock is $18.25. The share price has declined -7.14% from its top level in 52 weeks and dropped 9.24% this year. It recently traded in a range of $18.75-$20.45 at a volume of 192709 shares. The recent trading ended with the price nearly 2.36 higher for the last 5 trading days, rebounding 424.19% from its 52-week low.