Earnings Reaction History: Proofpoint, Inc. (NASDAQ:PFPT) has a 82.35% chance to rise
Proofpoint, Inc. (NASDAQ:PFPT) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -4.5 percent in price since last results when it was at $82.63 a share. Based on the most relevant past-periods data, there is an 82.35 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 14 times out of last 17 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 2 times.
Here’s how traders responded to PFPT earnings announcements over the past few quarters.
Proofpoint, Inc. (PFPT) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 13.33 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $-0.33 which missed the consensus $-0.26 projection (negative surprise of-26.92%). For the quarter, revenue came in at 106.81M versus consensus estimate of 104.81M. The stock dropped -5.69 percent the session following the earnings reports were released, and on 7th day price change was -2.31 percent.
On October 20, 2016, it reported earnings at $-0.27 a share compared with the consensus estimate of $-0.41 per share (positive surprise of 34.15%). Revenue of 99.78M for that quarter was above the $94.27M analysts had expected. The stock climbed 10.91% the day following the earnings announcement, and on 7th day price change was 7.17%.
On July 21, 2016, it recorded $-0.39 a share in earnings which topped the consensus estimate of $-0.61 (positive surprise of 36.07%). Revenue for the quarter was $89.9M while analysts called for revenues to be $84.22M. The stock gained 10.54% the day following the earnings data was made public, and on 7th day price change was 17.16%.
On April 21, 2016, it announced earnings per share at $-0.54 versus the consensus estimate of $-0.6 per share (positive surprise of 10%). That came on revenues of $79M for that period. Analysts had expected $76.31M in revenue.
Proofpoint, Inc. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.08. The analysts’ present consensus range is $0.08-$0.1 for EPS. The market consensus range for revenue is between $109.25M and $113M, with an average of $110.5M.
Proofpoint, Inc. (NASDAQ:PFPT) last ended at $80.28, sending the company’s market cap near $3.48B. The consensus 12-month price target from analysts covering the stock is $88.26. The share price has declined -8.77% from its top level in 52 weeks and dropped 13.63% this year. It recently traded in a range of $78.83-$80.38 at a volume of 429134 shares. The recent trading ended with the price nearly 1.72 higher for the last 5 trading days, rebounding 72.35% from its 52-week low.