Vocus (VOCS) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS
Vocus (NASDAQ:VOCS) posted its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.04, Analyst Ratings Network.com reports. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.26 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Vocus updated its Q1 guidance to $0.07-0.08 EPS and its FY14 guidance to $0.31-0.34 EPS.
Vocus (NASDAQ:VOCS) traded down 2.11% during mid-day trading on Tuesday, hitting $11.60. 207,355 shares of the company’s stock traded hands. Vocus has a 52-week low of $8.05 and a 52-week high of $18.01. The stock has a 50-day moving average of $11.66 and a 200-day moving average of $10.12. The company’s market cap is $234.1 million.
On the ratings front, analysts at Zacks downgraded shares of Vocus from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, December 5th. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.83.
Vocus, Inc (NASDAQ:VOCS) is a provider of cloud marketing software.
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