58.com Inc. (NYSE:WUBA) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 02, 2017. The stock lost about -23.4 percent in price since last results when it was at $40.2 a share. Based on the most relevant past-periods data, there is an 54.55 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 6 times out of last 11 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 2 occasions, and it has met expectations 0 time.
Here’s how traders responded to WUBA earnings announcements over the past few quarters.
58.com Inc. (WUBA) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 26.12 percent over the past four quarters. Back on November 9, 2016, it posted earnings per-share earnings at $-0.21 which beat the consensus $-0.26 projection (positive surprise of19.23%. For the quarter, revenue came in at 306.45M versus consensus estimate of 308.29M. The stock dropped -17.04 percent the session following the earnings reports were released, and on 7th day price change was -21.92 percent.
On August 17, 2016, it reported earnings at $0.08 a share compared with the consensus estimate of $ per share (negative surprise of %). Revenue of 297.82M for that quarter was below the $303.21M analysts had expected. The stock retreated -14.28% the day following the earnings announcement, and on 7th day price change was -13.91%.
On June 1, 2016, it recorded $-0.43 a share in earnings which topped the consensus estimate of $-0.85 (positive surprise of 49.41%). Revenue for the quarter was $231.28M while analysts called for revenues to be $225.09M. The stock gained 2.69% the day following the earnings data was made public, and on 7th day price change was -7.26%.
On February 25, 2016, it announced earnings per share at $-0.43 versus the consensus estimate of $-0.67 per share (positive surprise of 35.82%). That came on revenues of $255.33M for that period. Analysts had expected $243.13M in revenue.
58.com Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.32. The analysts’ present consensus range is $-0.45-$-0.24 for EPS. The market consensus range for revenue is between $249.4M and $272.6M, with an average of $260.42M.
58.com Inc. (NYSE:WUBA) last ended at $32.84, sending the company’s market cap near $4.75B. The consensus 12-month price target from analysts covering the stock is $36.43. The share price has declined -46.68% from its top level in 52 weeks and dropped 17.29% this year. It recently traded in a range of $32.34-$33.31 at a volume of 1461100 shares. The recent trading ended with the price nearly -5.03 lower for the last 5 trading days, rebounding 19.07% from its 52-week low.