STMicroelectronics N.V. (NYSE:STM) earnings reaction history
STMicroelectronics N.V. (NYSE:STM) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 24, 2017. The stock added about 25.3 percent in price since last results when it was at $12.18 a share. Based on the most relevant past-periods data, there is an 52.63 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 10 times out of last 19 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 4 occasions, and it has met expectations 1 time.
Here’s how traders responded to STM earnings announcements over the past few quarters.
STMicroelectronics N.V. (STM) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -0.42 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.16 which beat the consensus $0.15 projection (positive surprise of6.67%. For the quarter, revenue came in at 1.86B versus consensus estimate of 1.86B. The stock gained 6.16 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On October 27, 2016, it reported earnings at $0.11 a share compared with the consensus estimate of $0.12 per share (negative surprise of -8.33%). Revenue of 1.8B for that quarter was above the $1.79B analysts had expected. The stock climbed 9.1% the day following the earnings announcement, and on 7th day price change was 13.15%.
On July 27, 2016, it recorded $0.04 a share in earnings which missed the consensus estimate of $0.04 (negative surprise of 0%). Revenue for the quarter was $1.7B while analysts called for revenues to be $1.7B. The stock gained 10.06% the day following the earnings data was made public, and on 7th day price change was 7.74%.
On April 27, 2016, it announced earnings per share at $-0.02 versus the consensus estimate of $0 per share (negative surprise of %). That came on revenues of $1.61B for that period. Analysts had expected $1.62B in revenue.
STMicroelectronics N.V. Earnings Estimates
As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.12. The analysts’ present consensus range is $0.11-$0.14 for EPS. The market consensus range for revenue is between $1.81B and $1.82B, with an average of $1.81B.
STMicroelectronics N.V. (NYSE:STM) last ended at $15.25, sending the company’s market cap near $12.81B. The consensus 12-month price target from analysts covering the stock is $14.57. The share price has declined -3.05% from its top level in 52 weeks and dropped 34.36% this year. It recently traded in a range of $14.86-$15.25 at a volume of 6304118 shares. The recent trading ended with the price nearly -1.17 lower for the last 5 trading days, rebounding 205.7% from its 52-week low.