Finance

CARBO Ceramics Inc. (NYSE:CRR) topped earnings-per-share estimates 83% of the time

CARBO Ceramics Inc. (NYSE:CRR) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 27, 2017. The stock added about 3.4 percent in price since last results when it was at $10.68 a share. Based on the most relevant past-periods data, there is an 53.57 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 15 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% 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 CRR earnings announcements over the past few quarters.

CARBO Ceramics Inc. (CRR) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 44.71 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $-0.26 which beat the consensus $-0.7 projection (positive surprise of62.86%. For the quarter, revenue came in at 29.06M versus consensus estimate of 24.54M. The stock gained 29.21 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 27, 2016, it reported earnings at $-0.49 a share compared with the consensus estimate of $-0.73 per share (positive surprise of 32.88%). Revenue of 20.24M for that quarter was below the $25.78M analysts had expected. The stock retreated -26.69% the day following the earnings announcement, and on 7th day price change was -34.46%.

On July 28, 2016, it recorded $-0.5 a share in earnings which topped the consensus estimate of $-0.9 (positive surprise of 44.44%). Revenue for the quarter was $20.65M while analysts called for revenues to be $28M. The stock gained 6.63% the day following the earnings data was made public, and on 7th day price change was 16.11%.

On April 28, 2016, it announced earnings per share at $-0.54 versus the consensus estimate of $-0.88 per share (positive surprise of 38.64%). That came on revenues of $33.1M for that period. Analysts had expected $38.51M in revenue.

CARBO Ceramics Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $-1.01. The analysts’ present consensus range is $-1.17-$-0.78 for EPS. The market consensus range for revenue is between $30.2M and $33.95M, with an average of $31.68M.

CARBO Ceramics Inc. (NYSE:CRR) last ended at $11.16, sending the company’s market cap near $302.88M. The consensus 12-month price target from analysts covering the stock is $13.39. The share price has declined -49.87% from its top level in 52 weeks and dropped 6.69% this year. It recently traded in a range of $10.93-$11.57 at a volume of 603321 shares. The recent trading ended with the price nearly -13.02 lower for the last 5 trading days, rebounding 97.17% from its 52-week low.

 

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