Monday, November 29, 2021

Is AtriCure Inc. [ATRC] on the road to rising earnings?

Earnings from AtriCure Inc. [ATRC] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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ATRC Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.37 per share on revenue of $56.06M. Taking a look at the future, the company is projected to report revenue of $59.65M at an earnings per share of -$0.31 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 18.40% in revenue and 25.90% in earnings per share for the company.

ATRC Stock Earnings Forecast For The Current Year


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For the full financial year, AtriCure Inc. [NASDAQ:ATRC] is forecasted to generate revenue of $250.29M. The figure is about $43.76 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$1.16 in 2021, which is -$0.16 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -16.00% this year, 25.90% next year, and 20.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 21.20% in current fiscal year and 18.40% over following year.

ATRC Stock Price Performance

At a recent check today, AtriCure Inc. [NASDAQ:ATRC] finished down -0.67% at $65.56. The stock’s day high price was $68.70, and its lowest was $65.52. Its price fall -5.19% in the last five days. Since the beginning of the year, AtriCure Inc.’s shares are up nearly 18.56%. However, the share price is -9.03% below its one year high. The top price reached by the shares of the company was $72.07 on 04/23/21, while the 52-week low came on 01/04/21, when the shares were $52.54. In the past year, shares of the company have risen 72.59%. At 50 days, the moving average achieved is $65.18 while at 200 days, the moving average is $50.65. There were 0.2 million shares traded in the last session, down from 0.38 million in the previous session.

AtriCure Inc. [NASDAQ:ATRC] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 14.80 PS value ratio is reported for the last one year of reported earnings. This is above the average return 5.87 for the industry, which means ATRC offers an unattractive investment opportunity than its competitors do.

ATRC Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 65.29 level, and the violation of this level will cause a further drop to 64.78 level. At the upper end, 71.14 remains a key resistance. As the stock increases, it may find resistance at 69.92. In the 14-day chart, the Relative Strength Index standing at 47.68 suggests a technical neutral stance while the MACD standing at -0.47 indicates price will decrease in the next trading period. Stochastic %K at 32.72% suggests holding the stock while Percent R indicator at 81.26% suggests bearish price movement.

How much is the short interest in AtriCure Inc.?

There have been a drop in short interest in the AtriCure Inc. Financial stock, with short interest down by -0.43 million shares to 2.59 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.16 million shares. This 16.6% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 4.81% of the overall float in the stock, while the stock’s days to cover moved to 5.48.

How do analysts view AtriCure Inc.?

In regard to the share price forecast for AtriCure Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $69.50 in the next twelve months, representing almost an 5.67% growth from its recent price of $65.56. Among AtriCure Inc. stock projections, $78.00 is the highest analyst target for the stock, while $65.00 is the lowest. Despite this, 8 analysts who share their consensus rating for ATRC in 2021 agree that the stock is a Buy. The latest rating change took place on 2/24/21, when SVB Leerink Ratings launched coverage of the stock at “Outperform” and assigned a price target of $78.0.

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