Astoria Financial Corporation (NYSE:AF) missed earnings on 1 occasions

Astoria Financial Corporation (NYSE:AF) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 19, 2017. The stock added about 12.2 percent in price since last results when it was at $18.88 a share. Based on the most relevant past-periods data, there is an 50 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 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.

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

Astoria Financial Corporation (AF) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 3.34 percent over the past four quarters. Back on January 25, 2017, it posted earnings per-share earnings at $0.14 which missed the consensus $0.15 projection (negative surprise of-6.67%). For the quarter, revenue came in at 81.64M versus consensus estimate of 83.52M. The stock dropped -0.16 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 26, 2016, it reported earnings at $0.16 a share compared with the consensus estimate of $0.15 per share (positive surprise of 6.67%). Revenue of 83.64M for that quarter was above the $83.08M analysts had expected. The stock retreated -0.95% the day following the earnings announcement, and on 7th day price change was -3.86%.

On July 27, 2016, it recorded $0.16 a share in earnings which topped the consensus estimate of $0.15 (positive surprise of 6.67%). Revenue for the quarter was $83.09M while analysts called for revenues to be $83.33M. The stock dropped -0.07% the day following the earnings data was made public, and on 7th day price change was 1.25%.

On April 27, 2016, it announced earnings per share at $0.16 versus the consensus estimate of $0.15 per share (positive surprise of 6.67%). That came on revenues of $83.25M for that period. Analysts had expected $83.78M in revenue.

Astoria Financial Corporation Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.14. The analysts’ present consensus range is $0.13-$0.14 for EPS. The market consensus range for revenue is between $80.27M and $93.72M, with an average of $83.24M.

Astoria Financial Corporation (NYSE:AF) last ended at $21.15, sending the company’s market cap near $2.14B. The consensus 12-month price target from analysts covering the stock is $22.3. The share price has declined -2.35% from its top level in 52 weeks and dropped 13.65% this year. It recently traded in a range of $21.06-$21.6 at a volume of 2129758 shares. The recent trading ended with the price nearly 14.45 higher for the last 5 trading days, rebounding 50.22% from its 52-week low.

 

Francis Lewis: