$CXRX, Earnings Reaction History: Concordia I
Post# of 23088
Posted On: 12/25/2016 8:48:02 AM
$CXRX,
Earnings Reaction History: Concordia International Corp. (NASDAQ:CXRX) has a 60% chance to rise
By
Francis Lewis -
December 23, 2016
Concordia International Corp. (NASDAQ:CXRX) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 29, 2017. The stock lost about -80 percent in price since last results when it was at $ a share. Based on the most relevant past-periods data, there is an 60 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 3 times out of last 5 reported quarters. It has beaten earnings-per-share estimates 0% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 ( occasions, and it has met expectations 0 time.
Here’s how traders responded to CXRX earnings announcements over the past few quarters.
Concordia International Corp. (CXRX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -44.47 percent over the past four quarters. Back on November 7, 2016, it posted earnings per-share earnings at $-0.33 which missed the consensus $1.03 projection (negative surprise of-132.04%). For the quarter, revenue came in at 185.5M versus consensus estimate of 206M. The stock dropped 0 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On August 12, 2016, it reported earnings at $1.21 a share compared with the consensus estimate of $1.48 per share (negative surprise of -18.24%). Revenue of 231.71M for that quarter was above the $231.29M analysts had expected. The stock retreated -38.08% the day following the earnings announcement, and on 7th day price change was -41.69%.
On March 23, 2016, it announced earnings per share at $1.08 versus the consensus estimate of $1.32 per share (negative surprise of -18.18%). That came on revenues of $191.91M for that period. Analysts had expected $185.71M in revenue.
Concordia International Corp. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.55. The analysts’ present consensus range is $0.49-$0.62 for EPS. The market consensus range for revenue is between $183.74M and $189.86M, with an average of $186.07M.
Concordia International Corp. (NASDAQ:CXRX) last ended at $2.12, sending the company’s market cap near $110.17M. The consensus 12-month price target from analysts covering the stock is $7.29. The share price has declined -95.14% from its top level in 52 weeks and advanced -94.76% this year. It recently traded at a volume of 708774 shares. The recent trading ended with the price nearly -1.85 lower for the last 5 trading days, rebounding 25.44% from its 52-week low.
Earnings Reaction History: Concordia International Corp. (NASDAQ:CXRX) has a 60% chance to rise
By
Francis Lewis -
December 23, 2016
Concordia International Corp. (NASDAQ:CXRX) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on March 29, 2017. The stock lost about -80 percent in price since last results when it was at $ a share. Based on the most relevant past-periods data, there is an 60 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 3 times out of last 5 reported quarters. It has beaten earnings-per-share estimates 0% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 ( occasions, and it has met expectations 0 time.
Here’s how traders responded to CXRX earnings announcements over the past few quarters.
Concordia International Corp. (CXRX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was -44.47 percent over the past four quarters. Back on November 7, 2016, it posted earnings per-share earnings at $-0.33 which missed the consensus $1.03 projection (negative surprise of-132.04%). For the quarter, revenue came in at 185.5M versus consensus estimate of 206M. The stock dropped 0 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.
On August 12, 2016, it reported earnings at $1.21 a share compared with the consensus estimate of $1.48 per share (negative surprise of -18.24%). Revenue of 231.71M for that quarter was above the $231.29M analysts had expected. The stock retreated -38.08% the day following the earnings announcement, and on 7th day price change was -41.69%.
On March 23, 2016, it announced earnings per share at $1.08 versus the consensus estimate of $1.32 per share (negative surprise of -18.18%). That came on revenues of $191.91M for that period. Analysts had expected $185.71M in revenue.
Concordia International Corp. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.55. The analysts’ present consensus range is $0.49-$0.62 for EPS. The market consensus range for revenue is between $183.74M and $189.86M, with an average of $186.07M.
Concordia International Corp. (NASDAQ:CXRX) last ended at $2.12, sending the company’s market cap near $110.17M. The consensus 12-month price target from analysts covering the stock is $7.29. The share price has declined -95.14% from its top level in 52 weeks and advanced -94.76% this year. It recently traded at a volume of 708774 shares. The recent trading ended with the price nearly -1.85 lower for the last 5 trading days, rebounding 25.44% from its 52-week low.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'