EXFO Inc. [NASDAQ:EXFO] will report earnings after markets close on Tuesday, January 12th.
EXFO Earnings Forecast For The Current Quarter
EXFO Inc. [EXFO] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $70.89M and an earnings per share of $0.03 for Nov 2020. Looking further ahead, the company is expected to report revenue of $70.41M at an EPS of $0.03 for Feb 2021. The estimates represent 7.80% and 59.09% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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EXFO Earnings Estimates For The Current Year
For the financial year, EXFO Inc. [NASDAQ:EXFO] is expected to bring in revenue of $289.58M. The returns are nearly $24.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.2, higher than that of FY20 by $0.19. Estimates put this year’s earnings growth at 1,900.00%, 55.00% for the next, and at an annual 5.00% over the next 5-year period. As for sales, forecasts are for an increase of 9.00% in the current fiscal year and a further 7.80% over the following year.
EXFO Price Performance
On Wall Street, EXFO Inc. [NASDAQ:EXFO] finished Friday’s session down -0.59% at $3.35. The stock went up to $3.37 at the same session while its lowest single day price was $3.30. In the last five days, it saw a fall of about -1.76%, EXFO Inc. shares dropped by almost -1.76% since the beginning of the year. However, the share price has dropped to as low as -27.17% below its one year high. On 01/04/21, the company shares recorded $3.47, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $3.12. The company’s shares have declined by -22.00% in the past year. The 50-day SMA achieved is $2.98 while the 200-day SMA is $3.08. Volume dropped to 31902.0 from 45800.0 in the previous session.
EXFO Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 3.31 level, and in case of violation of this particular level, it will cause more drop to 3.27 level. On the upper level, 3.41 is still the key resistance. The stock may increase to the subsequent resistance at 3.38. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.77, implying a neutral technical stance while the MACD stands at 0.03, meaning price will decrease in the next trading period. Percent R indicator moved to 66.67%, implying low price movement. Stochastic %K at 35.52% suggest holding the stock.
Is EXFO Inc. [NASDAQ:EXFO] a Good Buy Right Now?
It should be noted that EXFO technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Buy. The average signal changed from 48% Buy in the last week and compares with 40% Sell in the past month. Data from EXFO Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 35165.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 44000.0 shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 35966.0 shares.
What is the short interest in EXFO Inc.?
Short interest in the EXFO Inc. stock has surged, increasing by 4050.0 shares to total 1590.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 5640.0, data from Yahoo Finance shows. The decrease of -254.72% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.01% of the overall float for the stock.
EXFO Inc.’s Biggest Shareholders: Who Owns EXFO Inc. [EXFO]?
Filings by Harber Asset Management LLC showed that the firm now holds a total of 1,323,824 shares or roughly 5.49% of the outstanding EXFO shares. This means their shares have reduced by -4,339 from the 1,323,824 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Fidelity Investments Canada ULC updated stake is worth $3,833,648. Details in the latest 13F filings reveal that Fidelity disposed off their 0.00% stake valued at $3,833,648 while Renaissance Technologies LLC added theirs at $2,941,529. During the last quarter, Fidelity liquidated 0 of its shares in EXFO Inc. while Renaissance Technologies LLC bought 15,801 shares. The 22NW LP’s holdings currently number 613,124 shares at $2053965.4. According to the firm’s last 13F report, Connor, Clark & Lunn Investment M shares in the company at filing stood at 558,831 shares, roughly $1,631,787.
What are analyst thoughts on EXFO Inc.?
Looking forward to the EXFO Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for EXFO Inc. stock at $3.50 within the next 12 months, which represents almost 4.29 per cent growth from its previous closing price of $3.35. The highest analysts’ target for EXFO Inc. stock projections is $5.00 and the lowest one is $3.00. Still, 5 analysts sharing their consensus rating for EXFO stock in 2021 agree that it is a Hold.