Finance

BT Group plc (NYSE:BT) missed earnings on 2 occasions

BT Group plc (NYSE:BT) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on May 11, 2017. The stock added about 7.9 percent in price since last results when it was at $19.35 a share. Based on the most relevant past-periods data, there is an 100 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 1 times out of last 1 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 0 time.

Here’s how traders responded to BT earnings announcements over the past few quarters.

BT Group plc (BT) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 7.98 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $0.42 which missed the consensus $0.49 projection (negative surprise of-14.29%). For the quarter, revenue came in at 7.6B versus consensus estimate of 10.76B. The stock gained 0.41 percent the session following the earnings reports were released, and on 7th day price change was -0.1 percent.

On October 27, 2016, it reported earnings at $0.47 a share compared with the consensus estimate of $0.42 per share (positive surprise of 11.9%). Revenue of 8.55B for that quarter was below the $9.74B analysts had expected. The stock retreated 0% the day following the earnings announcement, and on 7th day price change was 0%.

On July 28, 2016, it recorded $0.47 a share in earnings which topped the consensus estimate of $0.41 (positive surprise of 14.63%). Revenue for the quarter was $8.1B while analysts called for revenues to be $10.44B. The stock gained 2.83% the day following the earnings data was made public, and on 7th day price change was -0.39%.

On May 5, 2016, it announced earnings per share at $0.73 versus the consensus estimate of $0.61 per share (positive surprise of 19.67%). That came on revenues of $6.96B for that period. Analysts had expected $4.45B in revenue.

BT Group plc Earnings Estimates

As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.28. The analysts’ present consensus range is $1.28-$1.28 for EPS. The market consensus range for revenue is between $10.48B and $10.48B, with an average of $10.48B.

BT Group plc (NYSE:BT) last ended at $20.28, sending the company’s market cap near $40.64B. The consensus 12-month price target from analysts covering the stock is $25.79. The share price has declined -37.39% from its top level in 52 weeks and advanced -11.94% this year. It recently traded in a range of $20.19-$20.55 at a volume of 1215755 shares. The recent trading ended with the price nearly -0.69 lower for the last 5 trading days, rebounding 5.96% from its 52-week low.

 

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