Earnings Preview · 15 October 2026
Where our screen stands going in
Screens compliant (both standards agree). A name values-conscious investors can weigh on the merits.
What the Street expects
Consensus looks for earnings of about $1.81 a share on revenue near $3.6B. Over the next twelve months analysts pencil in $10.04 of earnings per share against $7.03 over the last twelve, growth of about 43%. The median analyst target is $302 (range $182 to $370), 30% above the $231.68 share price, across 23 analysts.
How it has traded on past prints
Across the last 23 reports, the shares moved an average of +2.0% in the five sessions after the print and +4.7% over twenty. After a beat the average follow-through was +8.8%; after a miss, -7.5%. The post-earnings drift has been consistent: the first move has tended to keep going.
Levels that matter
At $231.68 the shares sit 23% below the 52-week high of $299.76 and 76% above the low of $131.71 (59% of the way up the range).
Valuation going in
The shares trade close to our fair-value estimate (+8% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $251.40 against the current share price of $231.68. The shares trade at 32.2 times trailing earnings and 22.6 times forward earnings. Revenue is growing about 19% with net margins near 5%.
Our stance
The name clears our screen; the print tells us whether the valuation is earning its keep.
What the flow says going in
Price has run up but the money has been quietly leaving: distribution into strength. For a holder that is a trim-or-take-profit signal, not an add; the crowd sees the strength, the flow sees the exit. (21-day Chaikin Money Flow -0.24, five-day price change +4.3%, as of 2026-10-14, desk flow model).
This is analysis, not financial advice. Always manage your risk.
