Ixia (NASDAQ:XXIA) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 02, 2017. The stock showed no change about 0 percent in price since last results when it was at $19.6 a share. Based on the most relevant past-periods data, there is an 55.17 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 29 reported quarters. It has beaten earnings-per-share estimates 75% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 1 time.
Here’s how traders responded to XXIA earnings announcements over the past few quarters.
Ixia (XXIA) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 220.24 percent over the past four quarters. Back on February 21, 2017, it posted earnings per-share earnings at $0.16 which beat the consensus $0.14 projection (positive surprise of14.29%. For the quarter, revenue came in at 128.16M versus consensus estimate of 127.08M. The stock dropped -0.51 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On November 1, 2016, it reported earnings at $0.14 a share compared with the consensus estimate of $0.07 per share (positive surprise of 100%). Revenue of 123.91M for that quarter was above the $118.3M analysts had expected. The stock climbed 5.11% the day following the earnings announcement, and on 7th day price change was 7.23%.
On August 2, 2016, it recorded $0.14 a share in earnings which topped the consensus estimate of $0.03 (positive surprise of 366.67%). Revenue for the quarter was $120.1M while analysts called for revenues to be $114.12M. The stock gained 1.3% the day following the earnings data was made public, and on 7th day price change was 5.65%.
On May 3, 2016, it announced earnings per share at $0.05 versus the consensus estimate of $0.01 per share (positive surprise of 400%). That came on revenues of $112.67M for that period. Analysts had expected $112.08M in revenue.
Ixia Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.1. The analysts’ present consensus range is $0.1-$0.11 for EPS. The market consensus range for revenue is between $116.2M and $118M, with an average of $117.1M.
Ixia (NASDAQ:XXIA) last ended at $19.5, sending the company’s market cap near $1.61B. The consensus 12-month price target from analysts covering the stock is $17.49. The share price has declined -0.76% from its top level in 52 weeks and dropped 21.12% this year. It recently traded in a range of $19.45-$19.6 at a volume of 2552786 shares. The recent trading ended with the price nearly -0.51 lower for the last 5 trading days, rebounding 114.29% from its 52-week low.