Finance

Swift Transportation Company (NYSE:SWFT) topped earnings-per-share estimates 58.% of the time

Swift Transportation Company (NYSE:SWFT) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 20, 2017. The stock lost about -11.6 percent in price since last results when it was at $23.66 a share. Based on the most relevant past-periods data, there is an 64 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 16 times out of last 25 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 1 occasions, and it has met expectations 4 times.

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

Swift Transportation Company (SWFT) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 7.39 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.4 which came in line with the consensus $0.4 projection (no surprise). For the quarter, revenue came in at 1.04B versus consensus estimate of 1.04B. The stock dropped -1.27 percent the session following the earnings reports were released, and on 7th day price change was -4.56 percent.

On October 24, 2016, it reported earnings at $0.34 a share compared with the consensus estimate of $0.32 per share (positive surprise of 6.25%). Revenue of 1.01B for that quarter was below the $1.03B analysts had expected. The stock climbed 4.68% the day following the earnings announcement, and on 7th day price change was 10.36%.

On July 21, 2016, it recorded $0.34 a share in earnings which topped the consensus estimate of $0.31 (positive surprise of 9.68%). Revenue for the quarter was $1.01B while analysts called for revenues to be $1.01B. The stock gained 13.63% the day following the earnings data was made public, and on 7th day price change was 15.42%.

On April 21, 2016, it announced earnings per share at $0.25 versus the consensus estimate of $0.22 per share (positive surprise of 13.64%). That came on revenues of $967.82M for that period. Analysts had expected $1B in revenue.

Swift Transportation Company Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.13. The analysts’ present consensus range is $0.12-$0.17 for EPS. The market consensus range for revenue is between $949.32M and $1.03B, with an average of $978.27M.

Swift Transportation Company (NYSE:SWFT) last ended at $20.77, sending the company’s market cap near $2.76B. The consensus 12-month price target from analysts covering the stock is $26.8. The share price has declined -23.58% from its top level in 52 weeks and advanced -14.74% this year. It recently traded in a range of $20.67-$21.32 at a volume of 1818489 shares. The recent trading ended with the price nearly -4.46 lower for the last 5 trading days, rebounding 45.14% from its 52-week low.

 

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