Concordia International Corp. (NASDAQ:CXRX) is trading up 49.70% versus 12-month low of 1.69 and stands -92.77% lower from its 1-year peak of $35.00. The consensus price target (PT) of $7.29 means that the market expects Company shares to increase by 212.9% in the short run. The sell-side target prices range from $1 to $45. In the last month the stock has moved in price 8.58%, with a one year change of -91.52%. The last trading session volume compares with the 1.57M average and market worth floats around 129.07M.
Concordia International Corp. (NASDAQ:CXRX) gained 8.58% to reach at the trading price of $2.53 as it is set to release its next quarterly earnings report on March 29, 2017. Concordia International Corp. stock trades in the range of $2.38 to $2.66 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.05 a share with $208.57M in revenue.
Concordia International Corp. (CXRX) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Concordia International Corp. to earn $0.55 per share (EPS) on revenue of $191.09M. The EPS consensus range is $0.49-$0.62 on revenue between $211.14M and $183.74M.
While if we look at the Earnings Track Record, Concordia International Corp. (CXRX) managed to surpass quarterly earnings per share estimates in 0 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 0%. Last time the company reported, Concordia International Corp. (CXRX) generated $0.69 in earnings per share, missing the consensus estimate of $1.04. Revenues hit $185.5M in the September 2017 quarter, which was below the consensus $206M projection. On the other hand, in the June 2017 quarter the company recorded a net $231.71M revenue with earnings per share of $1.38. Wall Street had anticipated $231.29M and $1.44, respectively. For comparison, there was a revenue of $228.54M and EPS of $1.35 in the March 2016 period.