Zacks: Analysts Expect Exa Corporation (EXA) Will Announce Quarterly Sales of $17.55 Million
Brokerages forecast that Exa Corporation (NASDAQ:EXA) will post sales of $17.55 million for the current quarter, Zacks reports. Two analysts have issued estimates for Exa Corporation’s earnings, with estimates ranging from $17.50 million to $17.60 million. Exa Corporation reported sales of $17.11 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The business is scheduled to report its next quarterly earnings results on Monday, September 4th.
According to Zacks, analysts expect that Exa Corporation will report full-year sales of $17.55 million for the current year, with estimates ranging from $76.57 million to $76.90 million. For the next financial year, analysts expect that the company will report sales of $83.95 million per share, with estimates ranging from $82.70 million to $85.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Exa Corporation.
Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. The firm had revenue of $16.56 million for the quarter, compared to analysts’ expectations of $16.56 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
Several equities analysts recently issued reports on the stock. ValuEngine raised shares of Exa Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised shares of Exa Corporation from a “d” rating to a “c-” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised shares of Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, May 31st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Exa Corporation has an average rating of “Buy” and a consensus target price of $16.20.
Institutional investors have recently added to or reduced their stakes in the company. Ranger Investment Management L.P. raised its position in Exa Corporation by 289.3% in the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock valued at $747,000 after buying an additional 43,733 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Exa Corporation by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after buying an additional 8,459 shares in the last quarter. Soros Fund Management LLC raised its position in Exa Corporation by 3.0% in the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock valued at $18,013,000 after buying an additional 41,703 shares in the last quarter. Renaissance Technologies LLC raised its position in Exa Corporation by 0.6% in the first quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after buying an additional 1,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Exa Corporation by 4.4% in the first quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after buying an additional 4,053 shares in the last quarter. 76.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Exa Corporation (NASDAQ:EXA) traded up 0.74% during mid-day trading on Thursday, hitting $13.60. The stock had a trading volume of 25,453 shares. The company’s 50 day moving average is $13.91 and its 200-day moving average is $14.32. The stock’s market cap is $202.82 million. Exa Corporation has a 52-week low of $12.34 and a 52-week high of $16.89.
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Exa Corporation Company Profile
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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