Finance

How BofI Holding, Inc. (NASDAQ:BOFI) trades after earning announcements?

BofI Holding, Inc. (NASDAQ:BOFI) is projected to declare fiscal third quarter financial results right before the stock market’s official open on May 04, 2017. The stock added about 2.7 percent in price since last results when it was at $28.36 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 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 0 occasions, and it has met expectations 2 times.

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

BofI Holding, Inc. (BOFI) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 1.5 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.5 which beat the consensus $0.48 projection (positive surprise of4.17%. For the quarter, revenue came in at 93.06M versus consensus estimate of 90.61M. The stock gained 4.02 percent the session following the earnings reports were released, and on 7th day price change was 1.8 percent.

On October 27, 2016, it reported earnings at $0.45 a share compared with the consensus estimate of $0.45 per share (negative surprise of 0%). Revenue of 69.78M for that quarter was below the $86.34M analysts had expected. The stock retreated -12.86% the day following the earnings announcement, and on 7th day price change was -12.06%.

On August 2, 2016, it recorded $0.46 a share in earnings which missed the consensus estimate of $0.46 (negative surprise of 0%). Revenue for the quarter was $69.15M while analysts called for revenues to be $69.19M. The stock gained 10.43% the day following the earnings data was made public, and on 7th day price change was 17.28%.

On April 28, 2016, it announced earnings per share at $0.56 versus the consensus estimate of $0.55 per share (positive surprise of 1.82%). That came on revenues of $69.56M for that period. Analysts had expected $68.09M in revenue.

BofI Holding, Inc. Earnings Estimates

As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.51. The analysts’ present consensus range is $0.49-$0.53 for EPS. The market consensus range for revenue is between $93.8M and $102.24M, with an average of $97.47M.

BofI Holding, Inc. (NASDAQ:BOFI) last ended at $28.94, sending the company’s market cap near $1.83B. The consensus 12-month price target from analysts covering the stock is $34.69. The share price has declined -11.15% from its top level in 52 weeks and dropped 1.37% this year. It recently traded in a range of $28.87-$29.57 at a volume of 493243 shares. The recent trading ended with the price nearly -0.31 lower for the last 5 trading days, rebounding 89.27% from its 52-week low.

 

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