Featured, Opinion

Agenus Inc. (NASDAQ:AGEN) has a 58 chance to decline Despite Recent Gains

Agenus Inc. (NASDAQ:AGEN) is expected to announce second quarter financial results after market close (confirmed) on July 27, 2017. The company added about 2.9% percent in value since last earnings when it was at $3.42. Based on the most relevant historical data, there is a 58 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 17 times out of last 29 quarters. It has topped earnings-per-share estimates 33% of the time in its last 12 earnings reports. It missed earnings on 8 occasions, and it has met expectations 0 time.

Agenus Inc. (AGEN) Earnings Reaction History

Overall, the average earnings surprise was -23.38 percent over the past four quarters. Back on May 04, 2017, it posted earnings per share at $-0.18 which topped the consensus $-0.27 projection (Negative surprise of -33.33%). Revenue came in at $26.96M versus consensus estimate of $4.93M. The stock gained 19.30% percent the day following the earnings was released, and on 7th day price change was 11.11% percent.

On March 09, 2017, it posted earnings per share at $-0.30 versus the consensus estimate of $-0.30 (Negative surprise of -0.66%). Revenue of $5.58M was below the $6.05M analysts had expected. The stock dropped 2.27% the day following the earnings was released, and on 7th day price change was 5.79%.

On October 27, 2016, it posted earnings per share at $-0.47, missed the consensus estimate of $-0.30 (Negative surprise of -57.72%). Revenue for the quarter was $4.45M while analysts had expected revenues to come in at $6.15M. The stock fell -17.21% the day following the earnings was released, and on 7th day price change was 16.63%.

On July 28, 2016, it posted earnings per share at $-0.33 compared with the consensus estimate of $-0.34 (Negative surprise of -1.79%). That came on revenues of $6.59M for the quarter. Analysts had expected $5.12M in revenue.

Agenus Inc. (AGEN) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.39. The analysts’ current consensus range is $-0.44-$-0.35 for EPS. The market consensus range for revenue is $ N/A-$7M, with an average of $4.51M.

Agenus Inc. (NASDAQ:AGEN) last closed at $3.86, sending the company’s market cap around $329.99M. The consensus 12-month price target from brokerage firms covering the stock is $7.95. The share price has declined -48.46% from its best level in 52 weeks and advanced -6.31% this year. It recently traded in a range of $-$ at a volume of 2,703,624 shares. The stock ended last trading session with the price nearly 11.56% higher for the last 5 trading days, rebounding 20.62% from its 52-week low.

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