How Waddell & Reed Financial, Inc. (NYSE:WDR) trades after earning announcements?

Waddell & Reed Financial, Inc. (NYSE:WDR) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 02, 2017. The stock lost about -0.4 percent in price since last results when it was at $17.97 a share. Based on the most relevant past-periods data, there is an 55.56 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 15 times out of last 27 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 2 occasions, and it has met expectations 1 time.

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

Waddell & Reed Financial, Inc. (WDR) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 17.28 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $0.48 which beat the consensus $0.41 projection (positive surprise of17.07%. For the quarter, revenue came in at 292.91M versus consensus estimate of 290.76M. The stock gained 0.45 percent the session following the earnings reports were released, and on 7th day price change was -1.22 percent.

On October 25, 2016, it reported earnings at $0.64 a share compared with the consensus estimate of $0.51 per share (positive surprise of 25.49%). Revenue of 303.09M for that quarter was above the $295.48M analysts had expected. The stock retreated -5.63% the day following the earnings announcement, and on 7th day price change was -12.33%.

On July 26, 2016, it recorded $0.59 a share in earnings which topped the consensus estimate of $0.48 (positive surprise of 22.92%). Revenue for the quarter was $319.21M while analysts called for revenues to be $312.24M. The stock dropped -1.54% the day following the earnings data was made public, and on 7th day price change was -1.49%.

On April 26, 2016, it announced earnings per share at $0.57 versus the consensus estimate of $0.55 per share (positive surprise of 3.64%). That came on revenues of $323.82M for that period. Analysts had expected $328.13M in revenue.

Waddell & Reed Financial, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.4. The analysts’ present consensus range is $0.37-$0.44 for EPS. The market consensus range for revenue is between $276.6M and $286M, with an average of $281.52M.

Waddell & Reed Financial, Inc. (NYSE:WDR) last ended at $18.12, sending the company’s market cap near $1.53B. The consensus 12-month price target from analysts covering the stock is $16.79. The share price has declined -25.03% from its top level in 52 weeks and advanced -4.97% this year. It recently traded in a range of $17.84-$18.2 at a volume of 1420354 shares. The recent trading ended with the price nearly -0.66 lower for the last 5 trading days, rebounding 23.43% from its 52-week low.


Leave a Reply