Zacks: Brokerages Expect Aquantia Corp (AQ) Will Post Earnings of -$0.02 Per Share

Analysts expect Aquantia Corp (NYSE:AQ) to announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Aquantia’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.04). The company is expected to announce its next earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Aquantia will report full year earnings of ($0.25) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.10). For the next financial year, analysts forecast that the business will post earnings of $0.10 per share, with EPS estimates ranging from $0.02 to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Aquantia.

Aquantia (NYSE:AQ) last issued its quarterly earnings data on Monday, November 27th. The company reported ($0.28) earnings per share for the quarter.

AQ has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of Aquantia in a research note on Tuesday, November 28th. They issued a “buy” rating and a $15.00 price objective on the stock. Needham & Company LLC initiated coverage on shares of Aquantia in a report on Tuesday, November 28th. They issued a “buy” rating and a $15.00 target price for the company. Raymond James Financial initiated coverage on shares of Aquantia in a report on Tuesday, November 28th. They issued an “outperform” rating and a $15.00 target price for the company. Morgan Stanley initiated coverage on shares of Aquantia in a report on Tuesday, November 28th. They issued an “overweight” rating and a $15.00 target price for the company. Finally, Barclays initiated coverage on shares of Aquantia in a report on Tuesday, November 28th. They issued an “overweight” rating and a $14.00 target price for the company. Five investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $14.80.

Aquantia (AQ) opened at $15.11 on Wednesday. Aquantia has a one year low of $9.01 and a one year high of $15.75. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of -0.02.

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About Aquantia

Aquantia Corp is engaged in developing and supplying connectivity solutions for data centers, enterprise and wireless local area network (WLAN) applications. The Company offers 10 gigabyte Ethernet and Multi-Gig Ethernet Silicon product for data center and cloud, and the enterprise and WLAN markets. For data center and cloud market, it offers 10GBASE-T PHYs product line, which includes 28 nanometer technology products, such as AQ2402, AQ2403, AQ2203 and AQ2104; 40 nanometer technology products, such as AQ1402, AQ1202 and AQ1103, and 90 nanometer technology product, AQ1002.

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