Xoom Corporation (XOOM) Issues FY14 Earnings Guidance
Xoom Corporation (NASDAQ:XOOM) updated its FY14 earnings guidance on Tuesday. The company provided EPS guidance of $0.03-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35, American Banking News.com reports. The company issued revenue guidance of $155-160 million, compared to the consensus revenue estimate of $153.17 million.Xoom Corporation also updated its Q1 guidance to $(0.08)-(0.05) EPS.
Xoom Corporation (NASDAQ:XOOM) traded up 4.77% during mid-day trading on Tuesday, hitting $28.13. The stock had a trading volume of 685,070 shares. Xoom Corporation has a 1-year low of $17.68 and a 1-year high of $36.46. The stock has a 50-day moving average of $26.94 and a 200-day moving average of $29.13. The company has a market cap of $1.051 billion and a price-to-earnings ratio of 211.42.
Xoom Corporation (NASDAQ:XOOM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.07. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.20 million. Xoom Corporation’s revenue was up 44.6% compared to the same quarter last year. Analysts expect that Xoom Corporation will post $0.22 EPS for the current fiscal year.
On a related note, analysts at Raymond James upgraded shares of Xoom Corporation from a market perform rating to a strong-buy rating in a research note to investors on Monday, January 27th. They now have a $33.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $35.33.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.