Earnings Preview · 16 October 2026
Where our screen stands going in
Fails the principled screen, Business activity screen. A strong business is not the same as a suitable one; for a values-conscious book this is a do-not-chase regardless of the print.
What the Street expects
Consensus looks for earnings of about $0.66 a share on revenue near $2.0B. Over the next twelve months analysts pencil in $2.84 of earnings per share against $2.46 over the last twelve, growth of about 16%. The median analyst target is $33 (range $28 to $36), 18% above the $27.88 share price, across 20 analysts.
How it has traded on past prints
Across the last 24 reports, the shares moved an average of +1.7% in the five sessions after the print and +4.2% over twenty. After a beat the average follow-through was +3.7%; after a miss, +7.2%. Misses have not been punished more than beats were rewarded, so the headline number alone has been a poor guide to the reaction here; guidance and the call matter more.
Levels that matter
At $27.88 the shares sit 14% below the 52-week high of $32.47 and 23% above the low of $22.70 (53% of the way up the range).
Valuation going in
The shares trade about 23% below our fair-value estimate: a modest cushion. Our fair-value estimate is $36.00 against the current share price of $27.88. The shares trade at 11.1 times trailing earnings and 9.6 times forward earnings. Revenue is growing about 3% with net margins near 31%.
Our stance
We are not participants, the name fails our principled screen, so we watch it as a sentiment gauge, not a holding.
What the flow says going in
Underlying money flow reads as distribution (21-day Chaikin Money Flow -0.10, five-day price change +0.7%, as of 2026-10-14, desk flow model).
This is analysis, not financial advice. Always manage your risk.
