Finance

Earnings Preview: E*TRADE Financial Corporation (NASDAQ:ETFC) moved up 16 times out of last 28 quarters

E*TRADE Financial Corporation (NASDAQ:ETFC) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 20, 2017. The stock lost about -6 percent in price since last results when it was at $37.41 a share. Based on the most relevant past-periods data, there is an 57.14 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 28 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.

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

E*TRADE Financial Corporation (ETFC) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 22.49 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.43 which beat the consensus $0.42 projection (positive surprise of2.38%. For the quarter, revenue came in at 509M versus consensus estimate of 504.11M. The stock gained 2.3 percent the session following the earnings reports were released, and on 7th day price change was -8.45 percent.

On October 20, 2016, it reported earnings at $0.51 a share compared with the consensus estimate of $0.38 per share (positive surprise of 34.21%). Revenue of 486M for that quarter was above the $470.96M analysts had expected. The stock climbed 4.61% the day following the earnings announcement, and on 7th day price change was 1.13%.

On July 21, 2016, it recorded $0.48 a share in earnings which topped the consensus estimate of $0.39 (positive surprise of 23.08%). Revenue for the quarter was $474M while analysts called for revenues to be $471.48M. The stock gained 2.34% the day following the earnings data was made public, and on 7th day price change was -0.36%.

On April 21, 2016, it announced earnings per share at $0.43 versus the consensus estimate of $0.33 per share (positive surprise of 30.3%). That came on revenues of $472M for that period. Analysts had expected $473.63M in revenue.

E*TRADE Financial Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.38. The analysts’ present consensus range is $0.34-$0.42 for EPS. The market consensus range for revenue is between $498M and $546.37M, with an average of $529.17M.

E*TRADE Financial Corporation (NASDAQ:ETFC) last ended at $35.73, sending the company’s market cap near $9.81B. The consensus 12-month price target from analysts covering the stock is $41.5. The share price has declined -7.46% from its top level in 52 weeks and dropped 3.12% this year. It recently traded in a range of $35.11-$35.88 at a volume of 3432737 shares. The recent trading ended with the price nearly 1.51 higher for the last 5 trading days, rebounding 66.03% from its 52-week low.

 

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