Xoom Corporation (XOOM) Posts Quarterly Earnings, Beats Estimates By $0.07 EPS
Xoom Corporation (NASDAQ:XOOM) posted its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.07, American Banking News reports. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $29.39 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. The company’s quarterly revenue was up 62.3% on a year-over-year basis. Xoom Corporation updated its Q4 guidance to ($0.03)- ($0.01) EPS and its FY13 guidance to $0.18-0.21 EPS.
Shares of Xoom Corporation (NASDAQ:XOOM) traded down 0.23% on Tuesday, hitting $35.00. 916,258 shares of the company’s stock traded hands. Xoom Corporation has a one year low of $17.68 and a one year high of $36.46. The stock’s 50-day moving average is $30.00 and its 200-day moving average is $23.70. The company has a market cap of $1.267 billion and a P/E ratio of 3508.00.
XOOM has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of Xoom Corporation in a research note to investors on Monday. They set a “buy” rating and a $45.00 price target on the stock. On the ratings front, analysts at Susquehanna upgraded shares of Xoom Corporation from a “neutral” rating to a “positive” rating in a research note to investors on Thursday, October 10th. They now have a $38.00 price target on the stock, up previously from $28.00. Finally, analysts at Susquehanna raised their price target on shares of Xoom Corporation from $23.00 to $28.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.80.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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