Revenue Estimates Analysis of Inovalon Holdings, Inc.(NASDAQ:INOV): Red Hat, Inc.(NYSE:RHT)


Inovalon Holdings, Inc. (INOV) will report its next earnings on Jul 31 AMC. The company reported the earnings of $0.13/Share in the last quarter where the estimated EPS by analysts was $0.09/share. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 44.4%.

Many analysts are providing their Estimated Earnings analysis for Inovalon Holdings, Inc. and for the current quarter 8 analysts have projected that the stock could give an Average Earnings estimate of $0.12/share. These analysts have also projected a Low Estimate of $0.11/share and a High Estimate of $0.13/share.

In case of Revenue Estimates, 7 analysts have provided their consensus Average Revenue Estimates for Inovalon Holdings, Inc. as 164.93 Million. According to these analysts, the Low Revenue Estimate for Inovalon Holdings, Inc. is 164 Million and the High Revenue Estimate is 166.11 Million. The company had Year Ago Sales of 145.81 Million.

These analysts also forecasted Growth Estimates for the Current Quarter for INOV to be 9.1%. They are projecting Next Quarter growth of 160%. For the next 5 years, Inovalon Holdings, Inc. is expecting Growth of 18.62% per annum, whereas in the past 5 years the growth was 74.07% per annum.

Some buy side analysts are also providing their Analysis on Inovalon Holdings, Inc., where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 1 said it’s a HOLD, and 0 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. Analysts reported that the Price Target for Inovalon Holdings, Inc. might touch $22 high while the Average Price Target and Low price Target is $17.21 and $10 respectively.

Inovalon Holdings, Inc. closed its last trading session at $17 with the gain of 2.94%. The Market Capitalization of the company stands at 2.68 Billion. The Company has 52-week high of $17.70 and 52-week low of $9.19. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 8.34% where SMA50 and SMA200 are 11.08% and 24.62% respectively. The Company Touched its 52-Week High on 09/12/19 and 52-Week Low on 11/05/18.

The Relative Volume of the company is 1.66 and Average Volume (3 months) is 421.59 million. The company’s P/E (price to earnings) ratio is 0 and Forward P/E ratio of 31.08.

The company shows its Return on Assets (ROA) value of -0.8%. The Return on Equity (ROE) value stands at -2.3%. While it’s Return on Investment (ROI) value is 0.7%.

While looking at the Stock’s Performance, Inovalon Holdings, Inc. currently shows a Weekly Performance of 12.11%, where Monthly Performance is 6.9%, Quarterly performance is 22.55%, 6 Months performance is 39.22% and yearly performance percentage is 64.32%. Year to Date performance value (YTD perf) value is 23.41%. The Stock currently has a Weekly Volatility of 4.46% and Monthly Volatility of 3.88%.