Brokerages predict that Exa Corporation (NASDAQ:EXA) will report $20.40 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Exa Corporation’s earnings, with estimates ranging from $20.30 million to $20.50 million. Exa Corporation posted sales of $19.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The business is expected to announce its next earnings results on Wednesday, November 29th.

On average, analysts expect that Exa Corporation will report full year sales of $20.40 million for the current year, with estimates ranging from $76.60 million to $76.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $83.95 million per share, with estimates ranging from $82.70 million to $85.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Exa Corporation.

Exa Corporation (NASDAQ:EXA) last released its quarterly earnings data on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The business had revenue of $17.50 million during the quarter, compared to analysts’ expectations of $17.58 million. During the same quarter last year, the business posted ($0.05) EPS. The business’s revenue was up 2.3% on a year-over-year basis.

Several brokerages have commented on EXA. ValuEngine raised shares of Exa Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of Exa Corporation from a “c-” rating to a “d” rating in a research report on Monday, August 28th. Finally, Zacks Investment Research raised shares of Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, May 31st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $16.20.

Exa Corporation (NASDAQ EXA) traded up 2.85% during midday trading on Friday, reaching $15.50. The company’s stock had a trading volume of 66,440 shares. The firm’s market cap is $232.75 million. The company’s 50-day moving average is $14.01 and its 200 day moving average is $13.79. Exa Corporation has a 12-month low of $12.34 and a 12-month high of $16.89.

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In other news, major shareholder Soros Fund Management Llc acquired 159,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was acquired at an average cost of $14.46 per share, with a total value of $2,306,370.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.53% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. lifted its position in shares of Exa Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after purchasing an additional 556 shares during the last quarter. Rhumbline Advisers lifted its position in Exa Corporation by 4.6% in the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock valued at $191,000 after acquiring an additional 605 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Exa Corporation by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 72,592 shares of the technology company’s stock valued at $1,002,000 after acquiring an additional 750 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Exa Corporation by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock valued at $552,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Renaissance Technologies LLC lifted 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 acquiring an additional 1,500 shares during the last quarter. 76.03% of the stock is owned by institutional investors and hedge funds.

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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