Zacks: Analysts Anticipate Aquantia Corp (AQ) to Announce $0.01 EPS
Wall Street analysts expect that Aquantia Corp (NYSE:AQ) will post $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Aquantia’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.02. Aquantia posted earnings per share of ($0.19) in the same quarter last year, which would indicate a positive year over year growth rate of 105.3%. The business is expected to issue its next earnings report on Monday, November 26th.
On average, analysts expect that Aquantia will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.09. For the next fiscal year, analysts forecast that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.33 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Aquantia.
Aquantia (NYSE:AQ) last released its quarterly earnings data on Wednesday, July 25th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $30.43 million for the quarter, compared to analyst estimates of $30.00 million. Aquantia had a negative net margin of 3.76% and a negative return on equity of 21.24%.
Aquantia stock traded down $0.14 during trading hours on Tuesday, hitting $12.65. The company had a trading volume of 191,800 shares, compared to its average volume of 383,844. The firm has a market cap of $447.10 million and a PE ratio of -26.23. Aquantia has a fifty-two week low of $9.01 and a fifty-two week high of $18.49.
Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
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