Wall Street analysts predict that Exa Corporation (NASDAQ:EXA) will report $17.55 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Exa Corporation’s earnings, with estimates ranging from $17.50 million to $17.60 million. Exa Corporation reported sales of $17.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is expected to issue its next earnings report on Monday, September 4th.
According to Zacks, analysts expect that Exa Corporation will report full-year sales of $17.55 million for the current year, with estimates ranging from $76.57 million to $76.90 million. For the next financial year, analysts expect that the firm will report sales of $83.95 million per share, with estimates ranging from $82.70 million to $85.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts 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 for the quarter, topping the consensus estimate of ($0.18) by $0.04. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. The business had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.56 million. During the same period last year, the company posted ($0.04) EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis.
Several equities research analysts recently issued reports on EXA shares. ValuEngine raised shares of Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised 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 report on Wednesday, May 31st. Finally, TheStreet raised shares of Exa Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.20.
Shares of Exa Corporation (NASDAQ:EXA) opened at 13.96 on Wednesday. The company has a 50-day moving average price of $13.86 and a 200 day moving average price of $14.18. The firm’s market capitalization is $208.19 million. Exa Corporation has a one year low of $12.34 and a one year high of $16.89.
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Institutional investors have recently made changes to their positions in the company. FIL Ltd bought a new position in shares of Exa Corporation during the first quarter worth about $3,071,000. Ranger Investment Management L.P. raised its position in shares of Exa Corporation by 289.3% in the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock valued at $747,000 after buying an additional 43,733 shares in the last quarter. Soros Fund Management LLC raised its position in shares of 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 valued at $18,013,000 after buying an additional 41,703 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Exa Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after buying an additional 12,135 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in shares of Exa Corporation during the first quarter valued at $140,000. Institutional investors own 76.27% of the company’s stock.
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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