Equities research analysts forecast that Exa Corporation (NASDAQ:EXA) will announce earnings per share (EPS) of ($0.20) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Exa Corporation’s earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.19). Exa Corporation posted earnings of ($0.04) per share in the same quarter last year, which would suggest a negative year over year growth rate of 400%. The firm is expected to report its next earnings report 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 year. For the next financial year, analysts forecast that the firm will report 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 cover Exa Corporation.
Exa Corporation (NASDAQ:EXA) last issued its earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The business had revenue of $16.56 million during the quarter, compared to the consensus estimate of $16.56 million. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS.
Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Exa Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet upgraded Exa Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, June 13th. Finally, ValuEngine upgraded Exa Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.20.
Exa Corporation (NASDAQ:EXA) opened at 14.04 on Monday. Exa Corporation has a 52 week low of $12.34 and a 52 week high of $16.89. The stock’s market capitalization is $209.38 million. The stock’s 50 day moving average price is $13.85 and its 200-day moving average price is $14.19.
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A number of large investors have recently made changes to their positions in the company. American International Group Inc. boosted its stake in shares of Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock valued at $108,000 after buying an additional 556 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Exa Corporation during the fourth quarter valued at approximately $125,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 during the last quarter. Oxford Asset Management purchased a new stake in shares of Exa Corporation during the first quarter valued at approximately $140,000. Finally, Rhumbline Advisers boosted its stake in shares of 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 buying an additional 605 shares during the last quarter. 76.27% of the stock is currently owned by hedge funds and other institutional investors.
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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