$33.60 Million in Sales Expected for Aquantia Corp (AQ) This Quarter
Brokerages expect Aquantia Corp (NYSE:AQ) to announce $33.60 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Aquantia’s earnings. The lowest sales estimate is $33.50 million and the highest is $33.85 million. Aquantia posted sales of $27.85 million in the same quarter last year, which would indicate a positive year over year growth rate of 20.6%. The business is expected to report its next earnings results on Thursday, February 14th.
According to Zacks, analysts expect that Aquantia will report full year sales of $125.31 million for the current fiscal year, with estimates ranging from $125.19 million to $125.54 million. For the next fiscal year, analysts forecast that the business will post sales of $151.78 million, with estimates ranging from $146.90 million to $161.54 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Aquantia.
Aquantia (NYSE:AQ) last released its earnings results on Thursday, October 25th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $32.90 million during the quarter, compared to analyst estimates of $32.80 million. Aquantia had a negative return on equity of 6.14% and a negative net margin of 4.45%.
AQ traded down $0.34 during trading on Tuesday, reaching $8.68. The stock had a trading volume of 208,760 shares, compared to its average volume of 170,977. The company has a market capitalization of $302.54 million and a price-to-earnings ratio of -18.08. Aquantia has a 1-year low of $7.08 and a 1-year high of $18.49.
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.
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