FLIR Systems, (FLIR) Q116 Earnings: Investors Are Not Impressed

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FLIR Systems, Inc. (FLIR) tumbled -1.76% to $30.21 and the amount of shares that traded hands from sellers to buyers was 744,155 shares. The company declared its Q116 earnings before market opening on 26 April 2016. FLIR stock traded between $30.89 and $33.95 on the day of the earnings release. EPS for the recently concluded quarter came in at $0.3 when sales were $379.5M. Analysts had been looking for $0.32 a share with $361.47M in sales.

Historical Earnings Data: FLIR Systems, Inc. topped earnings estimates in 3  of the trailing twelve fiscal quarters (3 financial years), and has a negative trend with an average miss rate of 25%. FLIR had posted earnings per share of $0.36 for the June 2015 quarter, falling short of the mean forecast of $0.37. Revenues reached 344.52M in the quarter, which was less than the consensus 363.97M projection. However, in the December 2015 quarter it recorded a net 381.93M revenue with EPS of $0.47. Wall Street had projected 389.51M and $0.48, respectively. For comparison, there was a revenue of 392.98M and earnings of $0.4 in the September 2015 quarter.

Current Quarter Outlook: The focus will now turn to the outlook or guidance for the next reporting quarter (June 2016). Analysts, on average, predict FLIR Systems, Inc. will report $0.35 in earnings per share (EPS) on revenue of 401.56M. The earnings-per-share consensus range is $0.34-$0.39 on sales between 391.00M and 412.35M.

Analyst Sentiment: The confidence in the future of FLIR Systems, Inc. (FLIR) is getting weaker by the somewhat bearish sentiment (2.20 on a 5-point scale) that analysts have issued concerning it. Analysts on the average rate the stock as Overweight. Research analysts at Raymond James have been covering FLIR stock so their up-to-date recommendation is worth a look. Raymond James published a research note on January 05, 2016, raising the stock from Strong Buy to Outperform. Goldman also changed its view on January 04, 2016, upgrading shares of FLIR Systems, Inc. to Neutral from Buy.

Growth Potential: The stock is trading up 21.2% versus 1-year low of $25.12 and stands -11.38% down from its peak of $34.08. The consensus price target of $36 means that the market expects Company shares to rise by 19.17 in the near future. The sell-side target prices range from $31 to $39. In the last month the stock has moved in price -8.32% with a one year change of -0.74%. The last trading session volume compares with the 976.70K average and market worth around $4.23B.

 

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