Investing Smarter Today For A Brighter Tomorrow Atwood Oceanics, Inc. (ATW)

Atwood Oceanics, Inc. (NYSE:ATW) is expected to announce third quarter financial results after market close (confirmed) on August 02, 2017. The company added about 10.3% percent in value since last earnings when it was at $7.73. Based on the most relevant historical data, there is a 66 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 20 times out of last 30 quarters. It has topped earnings-per-share estimates 100% of the time in its last 12 earnings reports. It missed earnings on 0 occasions, and it has met expectations 0 time.

Atwood Oceanics, Inc. (NYSE:ATW) Earnings Reaction History

Overall, the average earnings surprise was -1.03 percent over the past four quarters. Back on N/A, it posted earnings per share at $-0.25 which missed the consensus $-0.24 projection (Negative surprise of -4.20%). Revenue came in at $167.71M versus consensus estimate of $127.39M. The stock gained 0.39% percent the day following the earnings was released, and on 7th day price change was 6.21% percent.

On February 03, 2017, it posted earnings per share at $0.15 versus the consensus estimate of $0.18 (Negative surprise of -16.70%). Revenue of $157.56M was above the $156.92M analysts had expected. The stock gained -13.75% the day following the earnings was released, and on 7th day price change was -13.60%.

On November 11, 2016, it posted earnings per share at $0.63, topped the consensus estimate of $0.59 (Positive surprise of 6.80%). Revenue for the quarter was $188.68M while analysts had expected revenues to come in at $193.75M. The stock gained 5.77% the day following the earnings was released, and on 7th day price change was 6.71%.

On August 01, 2016, it posted earnings per share at $0.99 compared with the consensus estimate of $0.9 (Positive surprise of 10.00%). That came on revenues of $227.8M for the quarter. Analysts had expected $233.68M in revenue.

Atwood Oceanics, Inc. (NYSE:ATW) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.06. The analysts’ current consensus range is $-0.19-$0.06 for EPS. The market consensus range for revenue is $113.6M-$132M, with an average of $123.56M.

Atwood Oceanics, Inc. (NYSE:ATW) last closed at $8.57, sending the company’s market cap around $686.80M. The consensus 12-month price target from brokerage firms covering the stock is $9.47 . The share price has declined -44.24% from its best level in 52 weeks and advanced -37.93% this year. It recently traded in a range of $8.15-$8.68 at a volume of 1,853,352 shares. The stock ended last trading session with the price nearly -2.86% lower for the last 5 trading days, rebounding 40.03% from its 52-week low.