AudioCodes Ltd. [AUDC] Earnings Preview: Things to Think About

Earnings from AudioCodes Ltd. [AUDC] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.

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AUDC Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.33 per share on revenue of $57.98M. Taking a look at the future, the company is projected to report revenue of $59.69M at an earnings per share of $0.35 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 11.70% in revenue and 8.59% in earnings per share for the company.

AUDC Stock Earnings Forecast For The Current Year

For the full financial year, AudioCodes Ltd. [NASDAQ:AUDC] is forecasted to generate revenue of $245.11M. The figure is about $24.34 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.5 in 2021, which is $0.09 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 6.40% this year, 8.70% next year, and 10.90% annually over the next five years. With regard to sales, forecasts suggest an incline of 11.00% in current fiscal year and 11.70% over following year.

AUDC Stock Price Performance

At the close of Monday’s session, AudioCodes Ltd. [NASDAQ:AUDC] finished up 1.65% at $30.76. The stock’s highest single-day price was $31.05, and its lowest was $30.48. Its price rose 2.84% in the last five days. Since the beginning of the year, AudioCodes Ltd.’s shares are up nearly 11.65%. However, the share price is -31.55% below its one year high. The top price reached by the shares of the company was $36.63 on 01/26/21, while the 52-week low came on 03/25/21, when the shares were $25.90. In the past year, shares of the company have risen 33.39%. At 50 days, the moving average achieved is $29.25 while at 200 days, the moving average is $30.89. There were 0.11 million shares traded in the last session, up from 83300.0 in the previous session.

AudioCodes Ltd. [NASDAQ:AUDC] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 37.28, AudioCodes Ltd. [AUDC] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 25.24 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 4.56 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.55 for the industry, which means AUDC offers an unattractive investment opportunity than its competitors do.

AUDC Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 30.76 level, and the violation of this level will cause a further drop to 30.48 level. At the upper end, 31.62 remains a key resistance. As the stock increases, it may find resistance at 31.33. In the 14-day chart, the Relative Strength Index standing at 59.26 suggests a technical neutral stance while the MACD standing at -0.16 indicates price will decrease in the next trading period. Stochastic %K at 58.35% suggests holding the stock while Percent R indicator at 33.90% suggests low price movement.

How much is the short interest in AudioCodes Ltd.?

There have been a drop in short interest in the AudioCodes Ltd. Financial stock, with short interest up by 0.27 million shares to 0.3 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.57 million shares. This -88.44% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 2.18% of the overall float in the stock, while the stock’s days to cover moved to 2.7.

How do analysts view AudioCodes Ltd.?

In regard to the share price forecast for AudioCodes Ltd. stock, the analysts, as surveyed by FactSet, forecast the price to reach $40.00 in the next twelve months, representing almost an 23.1% growth from its recent price of $30.76. Among AudioCodes Ltd. stock projections, $46.00 is the highest analyst target for the stock, while $34.00 is the lowest. Despite this, 5 analysts who share their consensus rating for AUDC in 2021 agree that the stock is a Buy.


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