Exa Corporation (EXA) Expected to Post Earnings of $0.04 Per Share

Wall Street brokerages forecast that Exa Corporation (NASDAQ:EXA) will announce earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Exa Corporation’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.04. Exa Corporation also reported earnings of $0.04 per share during the same quarter last year. The business is scheduled to report its next quarterly earnings results on Wednesday, November 29th.

On average, analysts expect that Exa Corporation will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.14) to ($0.13). For the next fiscal year, analysts anticipate that the business will post earnings of $0.09 per share, with EPS estimates ranging from $0.08 to $0.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Exa Corporation.

Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings data on Monday, August 28th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The company had revenue of $17.50 million during the quarter, compared to analysts’ expectations of $17.58 million. During the same quarter in the prior year, the company earned ($0.05) EPS. Exa Corporation’s revenue was up 2.3% compared to the same quarter last year.

Several equities analysts have weighed in on EXA shares. Zacks Investment Research downgraded shares of Exa Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine raised shares of Exa Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet raised shares of Exa Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, June 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Exa Corporation presently has an average rating of “Buy” and a consensus target price of $16.20.

Shares of Exa Corporation (NASDAQ EXA) opened at 15.02 on Wednesday. Exa Corporation has a 52 week low of $12.34 and a 52 week high of $16.89. The company’s 50-day moving average is $13.90 and its 200 day moving average is $13.78. The stock’s market cap is $225.54 million.

Several institutional investors have recently added to or reduced their stakes in EXA. Soros Fund Management LLC lifted its holdings in Exa Corporation by 3.0% in the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock worth $18,013,000 after purchasing an additional 41,703 shares during the period. Vanguard Group Inc. lifted its holdings in Exa Corporation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after acquiring an additional 12,135 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Exa Corporation by 0.6% in the 1st quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after acquiring an additional 1,500 shares during the last quarter. FIL Ltd acquired a new stake in Exa Corporation in the 1st quarter valued at about $3,071,000. Finally, Geode Capital Management LLC lifted its holdings in Exa Corporation by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after acquiring an additional 4,053 shares during the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.

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Exa Corporation Company Profile

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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