Brokerages forecast that Exa Corporation (NASDAQ:EXA) will report earnings of ($0.20) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exa Corporation’s earnings. The highest EPS estimate is ($0.19) and the lowest is ($0.21). Exa Corporation posted earnings per share of ($0.04) in the same quarter last year, which suggests a negative year over year growth rate of 400%. The business is expected to announce its next earnings results on Monday, September 4th.

According to Zacks, analysts expect that Exa Corporation will report full year earnings of ($0.32) per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of ($0.09) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow 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, beating analysts’ consensus estimates of ($0.18) by $0.04. Exa Corporation had a negative net margin of 3.79% and a negative return on equity of 13.97%. The business had revenue of $16.56 million for the quarter, compared to analysts’ expectations of $16.56 million. During the same period last year, the business earned ($0.04) earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis.

EXA has been the topic of several recent research reports. Zacks Investment Research raised 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. TheStreet raised Exa Corporation from a “d” rating to a “c-” rating in a report on Tuesday, June 13th. Finally, ValuEngine raised Exa Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $16.20.

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Hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd bought a new stake in Exa Corporation during the first quarter valued at $3,071,000. Ranger Investment Management L.P. raised its stake 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 during the last quarter. Soros Fund Management LLC raised its stake 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 during the last quarter. Vanguard Group Inc. raised its stake in Exa Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after buying an additional 12,135 shares during the last quarter. Finally, Oxford Asset Management bought a new stake in Exa Corporation during the first quarter valued at $140,000. Institutional investors own 76.27% of the company’s stock.

About Exa Corporation

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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