Earnings Around the Corner for Illumina Inc. (NASDAQ:ILMN)

Earnings is just around the corner for Illumina Inc. (NASDAQ:ILMN) as the firm is slated to issue their report on 10/18/2016 4:30:00 PM.  The firm has most recently posted quarter over quarter growth of 18.60% and sales growth of 11.30% quarter over quarter.  

In terms of the trend lines, Illumina Inc. (NASDAQ:ILMN) shares are currently -30.06% off of their 52-week high and 8.12% off from the 52-week low point.  The stock is -12.35% from the 200-day moving average and -19.72% from the 50-day average.  The Relative Strength Index for the stock stands at 22.53.

Increased volatility should be expected heading into and immediately after the Illumina Inc. (NASDAQ:ILMN) earnings report.  According to the most recent data, the average true range stands at 6.96 which is a measure of the most recent volatility.  The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low).  The average volatility for the week stands at 2.82% and 2.41% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 1.14.  

Potential Upside

So is there any potential upside for the stock if Illumina Inc. is able to meet or beat earnings?  Analysts, on a consensus basis have a $155.67 on the stock, compared to a recent bid of $137.42.  The average broker recommendation yields a score of 2.60, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.  


Heading into the earnings report, 1.00% shares are held by company insiders.  On the institutional front, 97.60% of Illumina Inc. (NASDAQ:ILMN) are owned by firms or funds.  Over the past few months, insider transactions have trended -10.35% while institutions saw a change of -0.05% in company stock. 


Year to date, Illumina Inc. (NASDAQ:ILMN) holders have seen returns of -28.54%.  Over the past month the stock moved -20.15% and most recently shares over the past five trading days have moved -25.83%.

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