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A Wonderful Company At A Fair Price Ascena Retail Group, Inc. (ASNA)

Ascena Retail Group, Inc. (NASDAQ:ASNA) is expected to announce fourth quarter financial results after market close (confirmed) on September 20, 2017. The company added about 18.7% percent in value since last earnings when it was at $1.82. Looking further into earnings reaction history, the stock had moved up 15 times out of last 30 quarters. It has topped earnings-per-share estimates 50% of the time in its last 12 earnings reports. It missed earnings on 5 occasions, and it has met expectations 1 time.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Earnings Reaction History

Overall, the average earnings surprise was -7.5 percent over the past four quarters. Back on Sep 27, it posted earnings per share at $0.05 which missed the consensus $0.05 projection (Negative surprise of 0.00%). Revenue came in at $1.57B versus consensus estimate of $1.56B. The stock gained 20.88% percent the day following the earnings was released, and on 7th day price change was 24.18% percent.

On March 06, 2017, it posted earnings per share at $-0.07 versus the consensus estimate of $-0.1 (Positive surprise of 30.00%). Revenue of $1.75B was below the $1.75B analysts had expected. The stock dropped 1.11% the day following the earnings was released, and on 7th day price change was -9.56%.

On December 01, 2016, it posted earnings per share at $0.18, missed the consensus estimate of $0.2 (Negative surprise of -10.00%). Revenue for the quarter was $1.68B while analysts had expected revenues to come in at $1.72B. The stock fell -3.48% the day following the earnings was released, and on 7th day price change was -29.31%.

On September 19, 2016, it posted earnings per share at $0.08 compared with the consensus estimate of $0.16 (Negative surprise of -50.00%). That came on revenues of $1.81B for the quarter. Analysts had expected $1.77B in revenue.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Earnings Expectations

In front of Q4 earnings release, Wall Street is expecting earnings per share of $-0.04. The analysts’ current consensus range is $-0.06-$-0.02 for EPS. The market consensus range for revenue is $1.53B-$1.62B, with an average of $1.58B.

Ascena Retail Group, Inc. (NASDAQ:ASNA) last closed at $2.29, sending the company’s market cap around $421.10M. The consensus 12-month price target from brokerage firms covering the stock is $3.08 . The share price has declined -74.88% from its best level in 52 weeks and advanced -65.27% this year. It recently traded in a range of $2.16-$2.34 at a volume of 1,687,958 shares. The stock ended last trading session with the price nearly 13.16% higher for the last 5 trading days, rebounding 38.79% from its 52-week low.

 

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