Analysts forecast that Aquantia Corp (NYSE:AQ) will announce ($0.26) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aquantia’s earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at ($0.21). Aquantia posted earnings per share of $0.01 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2,700%. The firm is expected to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Aquantia will report full year earnings of ($0.81) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.64). For the next fiscal year, analysts anticipate that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.03 to $0.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Aquantia.
Aquantia (NYSE:AQ) last announced its earnings results on Monday, May 6th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.07). The company had revenue of $17.02 million for the quarter, compared to analysts’ expectations of $19.60 million. Aquantia had a negative net margin of 19.62% and a negative return on equity of 23.48%.
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, access, and automotive markets worldwide. Its products include corporate data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.
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