Earnings from Ebix Inc. [EBIX] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Dec 2020.
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EBIX Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.79 per share on revenue of $187.53M. Taking a look at the future, the company is projected to report revenue of $160.71M at an earnings per share of $0.85 for the Mar 2021 quarter. The estimates represent year-over-year improvements of 19.80% in revenue and 26.22% in earnings per share for the company.
EBIX Stock Earnings Forecast For The Current Year
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For the full financial year, Ebix Inc. [NASDAQ:EBIX] is forecasted to generate revenue of $591.02M. The figure is about $10.4 million above what the company actually reported for the fiscal year 2019. In terms of EPS, it is estimated to be $3.16 in 2020, which is $0.0 lower than the figure in FY19. Based on current estimates, earnings are expected to grow 26.30% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 1.80% in current fiscal year and 19.80% over following year.
EBIX Stock Price Performance
At the close of Monday’s session, Ebix Inc. [NASDAQ:EBIX] finished up 4.24% at $32.72. The stock’s highest single-day price was $32.93, and its lowest was $31.45. Its price rose 13.57% in the last five days. Since the beginning of the year, Ebix Inc.’s shares are down nearly -13.83%. However, the share price is -48.99% below its one year high. The top price reached by the shares of the company was $64.14 on 01/27/21, while the 52-week low came on 03/05/21, when the shares were $22.39. In the past year, shares of the company have risen 87.83%. At 50 days, the moving average achieved is $31.75 while at 200 days, the moving average is $29.85. There were 0.36 million shares traded in the last session, up from 0.33 million in the previous session.
Ebix Inc. [NASDAQ:EBIX] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 10.63, Ebix Inc. [EBIX] does 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 discount to the industry average of 32.50 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.78 PS value ratio is reported for the last one year of reported earnings. This is below the average return 3.45 for the industry, which means EBIX offers an attractive investment opportunity than its competitors do.
EBIX Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 32.72 level, and the violation of this level will cause a further drop to 31.80 level. At the upper end, 34.76 remains a key resistance. As the stock increases, it may find resistance at 33.85. In the 14-day chart, the Relative Strength Index standing at 57.41 suggests a technical neutral stance while the MACD standing at 1.29 indicates price will increase in the next trading period. Stochastic %K at 73.65% suggests holding the stock while Percent R indicator at 4.00% suggests bullish price movement.
How much is the short interest in Ebix Inc.?
There have been a drop in short interest in the Ebix Inc. Financial stock, with short interest down by -0.48 million shares to 5.91 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 5.43 million shares. This 8.12% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 24.01% of the overall float in the stock, while the stock’s days to cover moved to 8.97.
How do analysts view Ebix Inc.?
In regard to the share price forecast for Ebix Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $54.75 in the next twelve months, representing almost an 40.24% growth from its recent price of $32.72. Among Ebix Inc. stock projections, $75.00 is the highest analyst target for the stock, while $34.50 is the lowest. Despite this, 2 analysts who share their consensus rating for EBIX in 2021 agree that the stock is a Buy. The latest rating change took place on 8/10/20, when BMO Capital Ratings launched coverage of the stock at “Market Perform” and assigned a price target of $33.0.