InvenSense, Inc. (INVN) retreated -1.38% to reach at the floor price of $6.44 as the company is set to share its next quarterly earnings on July 26, 2016. INVN stock trades between $6.42 and $6.57 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at -$0.06/share with $60.23M in revenue.
Earnings Track Record: If history is anything to go by, InvenSense, Inc. (INVN) managed to beat quarterly EPS forecasts in 4 of the trailing three fiscal years, and has a positive trend with an average surprise of 33%. Last time the company reported, InvenSense, Inc. generated $0.02 in earnings per share, missing the mean forecast of $0.02. Revenues reached $120.03M in the March 2016 quarter, which was higher than the consensus $117.37M projection. On the other hand, in the December 2015 quarter it recorded a net $112.54M revenue with EPS of $0.18. Wall Street had projected $110.84M and $0.18, respectively. For comparison, there was a revenue of $106.3M and earnings of $0.16 in the September 2015 quarter.
Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict InvenSense, Inc. to earn $0.03 in earnings per share (EPS) on revenue of $60.23M. The earnings-per-share consensus range is 0-$0.06 on sales between $59.4M and $61.43M.
Stock Trend vs. Analyst View: The stock is trading up 18.82 percent versus 1-year low of $5.42 and stands -60.73 lower from its peak of $16.4. The consensus price target of $7.91 means that the market expects Company shares to increase by 22.83% in the short run. The sell-side target prices range from $6.5 to $10. In the last month the stock has moved in price -9.17%, with a one year change of -56.92%. The last trading session volume compares with the 1.16M average and market worth floats around $607.86M.
Recent Analyst Rating Changes: The buoyancy in the prospect of InvenSense, Inc. (INVN) is getting weaker by the somewhat negative sentiment (2.8 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Hold. Drexel Hamilton has been covering shares of INVN, so it’s most recent view is worth a look. In a research note released on March 02, 2016, analysts at Drexel Hamilton issued its first rating on the stock at Hold. Another noteworthy analyst activity was recorded on January 28, 2016. Barrington Research analysts downgraded the stock to Mkt Perform from Outperform.