Earnings Reaction History: Mead Johnson Nutrition Company (NYSE:MJN) has a 64.29% chance to rise
Mead Johnson Nutrition Company (NYSE:MJN) 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 17.1 percent in price since last results when it was at $74.92 a share. Based on the most relevant past-periods data, there is an 64.29 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 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 66% of the time in its last 12 earnings reports. It fell short of earnings estimates on 4 occasions, and it has met expectations 0 time.
Here’s how traders responded to MJN earnings announcements over the past few quarters.
Mead Johnson Nutrition Company (MJN) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 2.88 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.78 which missed the consensus $0.83 projection (negative surprise of-6.02%). For the quarter, revenue came in at 901.6M versus consensus estimate of 918.96M. The stock dropped -2.51 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 $0.87 a share compared with the consensus estimate of $0.86 per share (positive surprise of 1.16%). Revenue of 937.5M for that quarter was above the $933.12M analysts had expected. The stock retreated -7.35% the day following the earnings announcement, and on 7th day price change was -9.2%.
On July 28, 2016, it recorded $0.88 a share in earnings which topped the consensus estimate of $0.78 (positive surprise of 12.82%). Revenue for the quarter was $941.5M while analysts called for revenues to be $963.66M. The stock dropped -1.87% the day following the earnings data was made public, and on 7th day price change was -3.61%.
On April 28, 2016, it announced earnings per share at $0.87 versus the consensus estimate of $0.84 per share (positive surprise of 3.57%). That came on revenues of $962.1M for that period. Analysts had expected $956.08M in revenue.
Mead Johnson Nutrition Company Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.8. The analysts’ present consensus range is $0.72-$0.85 for EPS. The market consensus range for revenue is between $895M and $940M, with an average of $911.54M.
Mead Johnson Nutrition Company (NYSE:MJN) last ended at $87.8, sending the company’s market cap near $16.11B. The consensus 12-month price target from analysts covering the stock is $87.56. The share price has declined -5.51% from its top level in 52 weeks and dropped 24.67% this year. It recently traded in a range of $87.69-$87.88 at a volume of 2566663 shares. The recent trading ended with the price nearly -0.14 lower for the last 5 trading days, rebounding 27.38% from its 52-week low.