Symantec Corporation (SYMC) : Earnings Whisper

Symantec Corporation (SYMC) is slated to report 1Q 2016 earnings after the close on Tuesday, August 11th. The Street has consensus estimates of $0.43 in earnings per share and $1.52 billion in revenue. In the 1Q’15, the security solutions provider posted $0.45 in EPS and $1.74 billion in revenue. Meanwhile, EarningsWhisper.com reports a whisper number of $0.44 per share.

As a quick reminder, Symantec Corp reported 4Q/15 EPS of $0.43, $0.01 worst than the Street’s consensus estimate. Revs declined 6% year-over-year to $1.55 billion versus the $1.56 billion consensus.

Symantec Corporation, currently valued at $15.63B, has a median Wall Street price target of $25.00 with a high target of $30.00. In the past 52 weeks, shares of Mountain View, California-based company have traded between a low of $21.66 and a high of $27.32 with the 50-day MA and 200-day MA located at $23.17 and $24.30 levels, respectively. Additionally, shares of SYMC trade at a P/E ratio of 1.52 and have a Relative Strength Index (RSI) and MACD indicator of 49.34 and -0.11, respectively.

SYMC currently prints a one year loss of about 3%, compared with a 7.26% gain in the S&P 500.

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