Finance

How Maxim Integrated Products, Inc. (NASDAQ:MXIM) trades after earning announcements?

Maxim Integrated Products, Inc. (NASDAQ:MXIM) is projected to declare fiscal third quarter financial results right before the stock market’s official open on April 27, 2017. The stock added about 7.3 percent in price since last results when it was at $41.97 a share. Based on the most relevant past-periods data, there is an 71.43 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 20 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 75% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 2 times.

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

Maxim Integrated Products, Inc. (MXIM) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 2.8 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.46 which beat the consensus $0.43 projection (positive surprise of6.98%. For the quarter, revenue came in at 550.98M versus consensus estimate of 540.44M. The stock gained 6.53 percent the session following the earnings reports were released, and on 7th day price change was 6.12 percent.

On October 20, 2016, it reported earnings at $0.48 a share compared with the consensus estimate of $0.47 per share (positive surprise of 2.13%). Revenue of 561.4M for that quarter was above the $560.4M analysts had expected. The stock climbed 1.86% the day following the earnings announcement, and on 7th day price change was 1.32%.

On July 21, 2016, it recorded $0.49 a share in earnings which topped the consensus estimate of $0.48 (positive surprise of 2.08%). Revenue for the quarter was $566.13M while analysts called for revenues to be $575.48M. The stock gained 1.7% the day following the earnings data was made public, and on 7th day price change was 7.84%.

On April 21, 2016, it announced earnings per share at $0.41 versus the consensus estimate of $0.41 per share (negative surprise of 0%). That came on revenues of $555.25M for that period. Analysts had expected $555.37M in revenue.

Maxim Integrated Products, Inc. Earnings Estimates

As Q3 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.57. The analysts’ present consensus range is $0.51-$0.6 for EPS. The market consensus range for revenue is between $570M and $610M, with an average of $593.74M.

Maxim Integrated Products, Inc. (NASDAQ:MXIM) last ended at $45.78, sending the company’s market cap near $12.94B. The consensus 12-month price target from analysts covering the stock is $46.35. The share price has declined 1.18% from its top level in 52 weeks and dropped 19.57% this year. It recently traded in a range of $44.94-$45.84 at a volume of 2058463 shares. The recent trading ended with the price nearly 2.55 higher for the last 5 trading days, rebounding 40.4% from its 52-week low.

 

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