GGP Inc. (NYSE:GGP) missed earnings on 9 occasions

GGP Inc. (NYSE:GGP) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 01, 2017. The stock lost about -3.5 percent in price since last results when it was at $23.88 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 25% of the time in its last 12 earnings reports. It fell short of earnings estimates on 9 occasions, and it has met expectations 0 time.

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

GGP Inc. (GGP) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 3.57 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.43 which came in line with the consensus $0.43 projection (no surprise). For the quarter, revenue came in at 610.34M versus consensus estimate of 610.93M. The stock gained 4.02 percent the session following the earnings reports were released, and on 7th day price change was 4.94 percent.

On October 31, 2016, it reported earnings at $0.35 a share compared with the consensus estimate of $0.35 per share (negative surprise of 0%). Revenue of 554.49M for that quarter was below the $559.7M analysts had expected. The stock retreated -1.01% the day following the earnings announcement, and on 7th day price change was 0.93%.

On August 1, 2016, it recorded $0.36 a share in earnings which missed the consensus estimate of $0.36 (negative surprise of 0%). Revenue for the quarter was $574.59M while analysts called for revenues to be $580.42M. The stock dropped -2.01% the day following the earnings data was made public, and on 7th day price change was -2.74%.

On May 2, 2016, it announced earnings per share at $0.4 versus the consensus estimate of $0.35 per share (positive surprise of 14.29%). That came on revenues of $607.03M for that period. Analysts had expected $589.96M in revenue.

GGP Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.37. The analysts’ present consensus range is $0.31-$0.39 for EPS. The market consensus range for revenue is between $544.54M and $569.7M, with an average of $558.12M.

GGP Inc. (NYSE:GGP) last ended at $23.28, sending the company’s market cap near $20.69B. The consensus 12-month price target from analysts covering the stock is $29.77. The share price has declined -27.48% from its top level in 52 weeks and advanced -6.81% this year. It recently traded in a range of $22.92-$23.3 at a volume of 6479697 shares. The recent trading ended with the price nearly -4.08 lower for the last 5 trading days, rebounding 1.84% from its 52-week low.