Exa Corporation (EXA) Issues Q3 Earnings Guidance

Exa Corporation (NASDAQ:EXA) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.01-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.05. The company issued revenue guidance of $19.4-21.2 million, compared to the consensus revenue estimate of $20.62 million.Exa Corporation also updated its FY18 guidance to ($0.17)-(0.03) EPS.

A number of equities analysts have issued reports on the company. TheStreet upgraded Exa Corporation from a d rating to a c- rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Exa Corporation from a hold rating to a buy rating and set a $15.00 target price for the company in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded shares of Exa Corporation from a sell rating to a hold rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $16.20.

Exa Corporation (NASDAQ:EXA) traded down 0.36% during midday trading on Monday, hitting $13.99. 137,910 shares of the stock were exchanged. The firm’s market capitalization is $208.63 million. Exa Corporation has a 1-year low of $12.34 and a 1-year high of $16.89. The firm’s 50-day moving average price is $13.82 and its 200 day moving average price is $13.94.

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.