Colony Capital, Inc. (CLNY) Earnings History: The Opportunity Around Us

91 days have passed by since the last earnings report for Colony Capital, Inc. (NYSE:CLNY) and the new quarterly results look set to arrive today. The shares of CLNY at the moment are trading at a volume of 4.1 million, which compares with its normal daily standard volume of 2318464 shares. This has led to the shares of the company advancing by 0.91%, currently exchanging hands at $5.53 a share. CLNY stock has been up by $0.75 (-11.94%) ever since it reached its 52-week high of $6.28 back in December 03, 2018. It has progressed above its 50-day moving average of $5.22 and is up 0.55% over the past week. The stock has added 8.3% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the CLNY share price due for a correction?

Colony Capital, Inc. (CLNY) Forecasts And Latest Quarter Earnings

Ahead of their fiscal second-quarter to be released on Friday, Aug 09, 2019, 2 analysts who are covering the company are estimating that it will record a profit of -$0.15 per share, with analysts having different outlooks from -$0.23 to -$0.07. The current agreed outlook, when compared to the profit recorded last year, is at -$0.19 a share, thus a decrease of -21.05% is expected. The profit view for a complete financial year for Colony Capital, Inc. is expected to be around -$0.6 in current year, a growth of nearly -53.13% from last year which was -$1.28.

Let’s now look at their sales section, CLNY’s revenue is estimated to be $44.18M, a figure which is less than the $44.18M recorded for Q2 last year. Their sequential sales though are expected to fall by -11.14% from their Q1’s sales which were $46.25M. Their full-year outlook is pegged at $164.2M, implying that there would be a drop of -23.76% over the $215.37M they recorded last year in revenue. Colony Capital, Inc. is projected to get sales cut by -24.7% in the next quarter, with a revenue target of $123.65M.

Analyzing The Earnings History Of Colony Capital, Inc. (NYSE:CLNY)

In the past few years, the CLNY stock has been known to miss the Wall Street’s earnings projection. The company missed 91% of the time, according to the data pulled on their earnings, was able to meet predictions on 1 occasions and topped expectations 0 times. Looking at the past trend, the price of Colony Capital, Inc. shares had risen following the release of their earnings in 18 of the last 34 quarters.

Looking back, here is how Colony Capital, Inc. (CLNY) stock reacted to earnings misses and beats. It gave investors reason to be bearish with the price going down after 3 of the last four earnings reports. The shares of Colony Capital, Inc. recorded -0.2%, -5.4%, 3.98% and -0.33%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were 2.96%, -6.29%, 5.02% and -0.33%. Their post-earnings price movements have resulted in an average decrease of -0.49% and an average increase of 0.34% in Colony Capital, Inc. on next day and 7th day, sequentially. CLNY’s one month stock performance led to its shares rising by 7.8% with a return of -9.64% witnessed over the last 52 weeks.

The higher number of analysts at Reuters has assigned a buy or better ratings (2) on the Colony Capital, Inc. stock, while 1 of them have a rating of a Hold with the 11-year target price suggested by the analysts standing at $7.17. This price target implies potential upside of 29.66 percent over the next 12 months based on the current share price.

Colony Capital, Inc. (CLNY) Post Earnings Announcement Drift (PEAD)

Back on May 10, 2019, Colony Capital, Inc. (NYSE:CLNY) released its Q1 results, in which it recorded a loss of -$0.21 that fell short of consensus estimates of -$0.13. After the earnings were reported, the price of CLNY stock kicked off the session at $4.91 and remained in a range of $4.94 to $5.08 on the first day. The shares were priced at $5.05 at the close with a total volume of shares being 1697178.

On March 01, 2019, the Q4 earnings report was disclosed with loss per share of -$0.82. This was below the estimation of -$0.12 per share. The stock price range of CLNY was between $5.57 and $5.58 on the first-day post announcement, after opening the day at $5.26. The session came to close at $5.26 and there was a total volume of 6270444 shares.

November 07, 2018 was the day when its Q3 results were unveiled. The loss came in at -$0.15, beating the projected -$0.16 per share. The very next day, CLNY stock opened at $5.77 while staying in a range of $5.8 to $6.18. At the end, it moved to $6.01 a total volume of shares been 5207069.

In the year-ago Q2 earnings on August 08, 2018, the company saw a loss per share of -$1.90. That was worse than the -$0.11 analysts had expected. Colony Capital, Inc. share price started at $5.92 on the first full trading day post-earning and then exchanged hands between $6.06 and $6.23 throughout the session. The closing price of $6.1 came on the back of 2155479 shares in volume.