Investing Smarter Today For A Brighter Tomorrow Opko Health, Inc. (OPK)

Opko Health, Inc. (NASDAQ:OPK) is expected to announce second quarter financial results after market close (confirmed) on August 14, 2017. The company added about -11.8% percent in value since last earnings when it was at $7.53. Based on the most relevant historical data, there is a N/A percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 15 times out of last 29 quarters. It has topped earnings-per-share estimates 66% of the time in its last 12 earnings reports. It missed earnings on 3 occasions, and it has met expectations 1 time.

Opko Health, Inc. (NASDAQ:OPK) Earnings Reaction History

Overall, the average earnings surprise was 0 percent over the past four quarters. Back on Jun 28, it posted earnings per share at $-0.06 which missed the consensus $-0.04 projection (Negative surprise of -50.00%). Revenue came in at $296.1M versus consensus estimate of $313.36M. The stock dropped -7.04% percent the day following the earnings was released, and on 7th day price change was -12.35% percent.

On March 01, 2017, it posted earnings per share at $-0.02 versus the consensus estimate of $-0.04 (Positive surprise of 50.00%). Revenue of $275.49M was below the $310.82M analysts had expected. The stock dropped -11.23% the day following the earnings was released, and on 7th day price change was -5.38%.

On November 07, 2016, it posted earnings per share at $-0.03, missed the consensus estimate of $-0.03 (Negative surprise of 0.00%). Revenue for the quarter was $298.04M while analysts had expected revenues to come in at $322M. The stock fell -6.17% the day following the earnings was released, and on 7th day price change was -0.49%.

On August 08, 2016, it posted earnings per share at $0.02 compared with the consensus estimate of $0 (Negative surprise of ). That came on revenues of $357.1M for the quarter. Analysts had expected $324.24M in revenue.

Opko Health, Inc. (NASDAQ:OPK) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.05. The analysts’ current consensus range is $-0.07-$-0.03 for EPS. The market consensus range for revenue is $313.1M-$336.1M, with an average of $322.64M.

Opko Health, Inc. (NASDAQ:OPK) last closed at $6.43, sending the company’s market cap around $3.63B. The consensus 12-month price target from brokerage firms covering the stock is $13.50 . The share price has declined -47.08% from its best level in 52 weeks and advanced -30.86% this year. It recently traded in a range of $6.40-$6.67 at a volume of 3,466,595 shares. The stock ended last trading session with the price nearly -9.44% lower for the last 5 trading days, rebounding 7.35% from its 52-week low.