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is Oclaro, Inc. (OCLR) Is A Value Stock Now?

Oclaro, Inc. (NASDAQ:OCLR) is expected to announce fourth quarter financial results after market close (confirmed) on August 01, 2017. The company added about 14.0% percent in value since last earnings when it was at $8.19. Based on the most relevant historical data, there is a 55 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 16 times out of last 29 quarters. It has topped earnings-per-share estimates 75% of the time in its last 12 earnings reports. It missed earnings on 1 occasions, and it has met expectations 1 time.

Oclaro, Inc. (NASDAQ:OCLR) Earnings Reaction History

Overall, the average earnings surprise was 38.75 percent over the past four quarters. Back on May 16, it posted earnings per share at $0.23 which topped the consensus $0.2 projection (Positive surprise of 15.00%). Revenue came in at $162.18M versus consensus estimate of $160.19M. The stock gained 0.00% percent the day following the earnings was released, and on 7th day price change was 7.69% percent.

On January 31, 2017, it posted earnings per share at $0.21 versus the consensus estimate of $0.18 (Positive surprise of 16.70%). Revenue of $153.91M was above the $153.52M analysts had expected. The stock gained -3.67% the day following the earnings was released, and on 7th day price change was -5.20%.

On November 01, 2016, it posted earnings per share at $0.14, topped the consensus estimate of $0.1 (Positive surprise of 40.00%). Revenue for the quarter was $135.49M while analysts had expected revenues to come in at $131.7M. The stock gained 4.22% the day following the earnings was released, and on 7th day price change was 15.88%.

On August 02, 2016, it posted earnings per share at $0.11 compared with the consensus estimate of $0.06 (Positive surprise of 83.30%). That came on revenues of $125.18M for the quarter. Analysts had expected $120.54M in revenue.

Oclaro, Inc. (NASDAQ:OCLR) Earnings Expectations

In front of Q4 earnings release, Wall Street is expecting earnings per share of $0.17. The analysts’ current consensus range is $0.16-$0.18 for EPS. The market consensus range for revenue is $145.96M-$149M, with an average of $148.04M.

Oclaro, Inc. (NASDAQ:OCLR) last closed at $9.29, sending the company’s market cap around $1.57B. The consensus 12-month price target from brokerage firms covering the stock is $12.45 . The share price has declined -17.79% from its best level in 52 weeks and advanced 3.80% this year. It recently traded in a range of $9.22-$9.44 at a volume of 3,203,030 shares. The stock ended last trading session with the price nearly -6.82% lower for the last 5 trading days, rebounding 102.84% from its 52-week low.

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