J C Penney Company Inc (NYSE:JCP) soared 5.38% or +0.45 points during previous trade after opening at the price of $8.73, a total of 35.95M shares exchanged hands compared with its average trading volume of 13.27M shares. The stock has a market capitalization of $2.79B and it has 307.73M outstanding shares.
According to consensus agreement of 22 analysts J C Penney Company Inc (NYSE:JCP) will report earnings per share of $-0.21 in their quarterly report and it is expected to announce the company’s results on 11/11/16 Before Market Open. The stock lost almost -15.9% in price since last earning report, when its share price was $9.94. For the current quarter the company has highest EPS estimates of $-0.14 and low forecast is $-0.31. However a year ago for the same quarter the company has reported $-0.47 earnings per share.
Earnings reaction history indicates that share price went down 16 times out of last 26 quarters. The company has beaten EPS estimates 11 times out of 12 earnings report. However it has meet the estimates 0 times and missed 1 times.
If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 7/2016, the consensus mean EPS was $-0.15 while J C Penney Company Inc (NYSE:JCP) reported $-0.05 EPS on 8/12/2016 Before Market Open with a difference of 0.10 marking a surprise factor of 66.67%. The stock’s next day closing price was $10.55 with the gain of 6.14% in its share price. On seventh day of the earnings report price change of the stock was 3.42%.
Previously for the quarter ended on 4/2016, J C Penney Company Inc (NYSE:JCP)’s expected mean EPS was $-0.4, the company reported its quarterly earnings per share of $-0.32 on 5/13/2016 Before Market Open, beating the analysts’ consensus estimate by 0.08 with surprise factor of 20.00%. The stock’s closing price was $7.58 with the loss of -2.82% in its share price on the day following the earning announcement. However price change of the stock was -2.56% on seventh day of the earnings report.
J C Penney Company Inc (NYSE:JCP)’s mean EPS estimate was $0.22 for the quarter ended on 1/2016, while it reported EPS of $0.39 on 2/25/2016 Before Market Open, beating the analysts’ consensus estimate by 0.17 with surprise factor of 77.27%. On next day when data was publically announced, the stock’s closing price was $9.59 with 14.71% gain in its share price. On seventh day of the earnings report price change of the stock was up 29.67%.
Back on 11/13/2015 the company’s estimated EPS value was $-0.58 and it reported $-0.47 earnings per share (EPS) for the quarter ended on 10/2015. The company posted a positive surprise factor of 18.97% by 0.11.
Average EPS forecast for the current year is $0.14 according to 18 analysts making projections for J C Penney Company Inc (NYSE:JCP). The most expectant earnings per share estimate of the stock is set at $0.26 while the conservative estimates kept at $-0.12 over the current year. Having a look at the historical EPS report, the company attained $-1.03 EPS for the previous year. While revenue estimates for the current year is $12.83B, J C Penney Company Inc (NYSE:JCP) setting the highest revenues estimates of $12.94B and indicating lowest revenues at $12.72B according to agreement of 21 number of analysts. Current quarter revenue movements show that, the company has set average revenue estimates of $2.96B covering forecast of 20 analysts. The company indicates a peak revenue level of $3.02B and $2.9B at bottom level.
Having a glance at growth estimates of the company, it has current quarter growth estimates of 55.30% whereas for next quarter it has 84.60% estimations over growth. Its forecasts over growth are 113.60% during current year while analysts’ growth estimation for the next year is 450.00%. Past 5 years growth of J C Penney Company Inc (NYSE:JCP) observed at 9.37%, and for the next five years the analysts that follow this company are expecting its growth at -28.00%.
J C Penney Company Inc (NYSE:JCP) reached at $8.81 price level during last trade its distance from 20 days simple moving average is 3.91%, and its distance from 50 days simple moving average is -3.35% while it has a distance of -3.71% from the 200 days simple moving average. One year trading price range hit the peak level of $11.99 and touched the lowest level of $6.00. The company’s distance from 52-week high price is -26.52% and current price is above +46.83% from 52-week low price.