Surging Expectations For Ambarella: Record Quarter Likely

Shares of Ambarella Inc AMBA are down approximately 6 percent on Tuesday trading, ahead of the announcement of the company’s second quarter (fiscal 2016) financial results, scheduled for after the market closes.

Despite the decline in the stock price, both the Street and the crowd are expecting the company to deliver its strongest quarter –in terms of earnings, since it went public. According to Estimize, experts are modeling consensus earnings of $0.81 per share on revenue of $82.75 million, while the crowd is projecting consensus earnings of $0.85 per share on sales of $84.25 million.

These figures compare to the record earnings of $0.71 per share and revenue of $71.01 million registered last quarter, and to earnings of $0.37 per share on sales of $47 million retrieved a year ago.

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Moreover, it should be noted from the chart above that Ambarella has a history of comfortably beating both the Street’s and the crowd’s estimates.

The second chart here illustrates the evolution of sentiment over time. As it can be seen, both experts and the crowd have become increasingly constructive on the company’s potential earnings as the report date got closer. But, while bulls pile up, the shares continue to tumble.

Other companies reporting their quarterly earnings after the market closes include H & R Block Inc HRB, AeroVironment, Inc. AVAV, Guidewire Software Inc GWRE, Shoe Carnival, Inc. SCVL and Bob Evans Farms Inc BOBE.