$32.74 Million in Sales Expected for Aquantia Corp (AQ) This Quarter
Brokerages forecast that Aquantia Corp (NYSE:AQ) will post $32.74 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Aquantia’s earnings, with the lowest sales estimate coming in at $32.60 million and the highest estimate coming in at $32.87 million. Aquantia posted sales of $26.72 million in the same quarter last year, which suggests a positive year over year growth rate of 22.5%. The business is scheduled to issue its next earnings report on Monday, November 26th.
On average, analysts expect that Aquantia will report full-year sales of $127.45 million for the current year, with estimates ranging from $125.40 million to $128.66 million. For the next year, analysts forecast that the business will report sales of $154.38 million per share, with estimates ranging from $150.00 million to $158.35 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Aquantia.
Aquantia (NYSE:AQ) last announced its quarterly earnings results on Wednesday, July 25th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $30.43 million during the quarter, compared to analysts’ expectations of $30.00 million. Aquantia had a negative return on equity of 21.24% and a negative net margin of 3.76%.
Shares of AQ stock traded down $0.07 on Monday, reaching $11.82. The company had a trading volume of 131,688 shares, compared to its average volume of 177,264. Aquantia has a 12 month low of $9.01 and a 12 month high of $18.49. The stock has a market cap of $407.35 million and a PE ratio of -24.63.
Aquantia Company Profile
Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
Read More: Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aquantia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aquantia and related companies with MarketBeat.com's FREE daily email newsletter.