Earnings Preview · 04 November 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 $10.75 a share on revenue near $110.0B. Over the next twelve months analysts pencil in $50.63 of earnings per share against $37.31 over the last twelve, growth of about 36%. The median analyst target is $1012 (range $845 to $1200), 0% below the $1015.27 share price, across 14 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of +2.4% in the five sessions after the print and +2.6% over twenty. After a beat the average follow-through was +2.7%; after a miss, +1.9%.
Levels that matter
At $1015.27 the shares sit 1% below the 52-week high of $1030.27 and 40% above the low of $723.68 (95% of the way up the range). The 50-day average is $910.07, below the price. The 200-day average is $858.63, below the price.
Valuation going in
The shares trade close to our fair-value estimate (+4% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $1062.69 against the current share price of $1015.27. The shares trade at 26.3 times trailing earnings and 19.4 times forward earnings. Revenue is growing about 8% with net margins near 1%.
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 +0.06, five-day price change +3.4%, as of 2026-11-03, desk flow model).
This is analysis, not financial advice. Always manage your risk.
