Finance

History of SVB Financial Group (NASDAQ:SIVB) stock price after earnings

SVB Financial Group (NASDAQ:SIVB) 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 8.9 percent in price since last results when it was at $177.66 a share. Based on the most relevant past-periods data, there is an 60.71 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 17 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 SIVB earnings announcements over the past few quarters.

SVB Financial Group (SIVB) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 5.95 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $1.89 which beat the consensus $1.76 projection (positive surprise of7.39%. For the quarter, revenue came in at 410.11M versus consensus estimate of 403.71M. The stock dropped -0.14 percent the session following the earnings reports were released, and on 7th day price change was -3.79 percent.

On October 20, 2016, it reported earnings at $2.12 a share compared with the consensus estimate of $1.75 per share (positive surprise of 21.14%). Revenue of 433.3M for that quarter was above the $389.48M analysts had expected. The stock climbed 7.03% the day following the earnings announcement, and on 7th day price change was 7.23%.

On July 21, 2016, it recorded $1.78 a share in earnings which topped the consensus estimate of $1.69 (positive surprise of 5.33%). Revenue for the quarter was $396.11M while analysts called for revenues to be $385.61M. The stock dropped -1.16% the day following the earnings data was made public, and on 7th day price change was -0.71%.

On April 21, 2016, it announced earnings per share at $1.52 versus the consensus estimate of $1.69 per share (negative surprise of -10.06%). That came on revenues of $367.55M for that period. Analysts had expected $381.4M in revenue.

SVB Financial Group Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.85. The analysts’ present consensus range is $1.66-$1.97 for EPS. The market consensus range for revenue is between $395.7M and $434.1M, with an average of $420.23M.

SVB Financial Group (NASDAQ:SIVB) last ended at $193.98, sending the company’s market cap near $10.15B. The consensus 12-month price target from analysts covering the stock is $198.19. The share price has declined -2.44% from its top level in 52 weeks and dropped 13% this year. It recently traded in a range of $193.05-$195.45 at a volume of 417674 shares. The recent trading ended with the price nearly -0.14 lower for the last 5 trading days, rebounding 133.99% from its 52-week low.

 

Leave a Reply