Volcano Corp. (VOLC) to Release Quarterly Earnings on Monday
Volcano Corp. (NASDAQ:VOLC) is scheduled to announce its Q313 earnings results on Monday, November 4th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $97.20 million for the quarter. Volcano Corp. has set its FY13 guidance at $0.03-0.05 EPS.
Volcano Corp. (NASDAQ:VOLC) last announced its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $97.90 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts expect Volcano Corp. to post $0.04 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
Shares of Volcano Corp. (NASDAQ:VOLC) opened at 19.165 on Friday. Volcano Corp. has a 1-year low of $16.37 and a 1-year high of $30.15. The stock has a 50-day moving average of $23.41 and a 200-day moving average of $20.60. The company’s market cap is $1.046 billion.
A number of research firms have recently commented on VOLC. Analysts at Roth Capital cut their price target on shares of Volcano Corp. from $26.00 to $25.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at BMO Capital Markets cut their price target on shares of Volcano Corp. from $28.00 to $27.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Volcano Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $24.00 price target on the stock, down previously from $26.00. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Volcano Corp. presently has an average rating of “Hold” and an average target price of $24.47.
Volcano Corporation (NASDAQ:VOLC) designs, develops, manufactures and commercializes a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products.
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