Earnings Review · 11 November 2026
The print
Revenue $5.68B. EPS $0.13 vs $0.16 expected.
How the market took it
On 2026-11-11 the shares closed at $9.41, -4.9% against the prior close of $9.90 (opening -5.6% from the prior close).
What changed versus going in
Earnings came in at $0.13 a share against $0.16 expected, a miss of 19% (-$0.03 a share).
Did the flow confirm the move?
Underlying money flow reads as accumulation (21-day Chaikin Money Flow +0.05, five-day price change +1.6%, as of 2026-11-10, desk flow model).
Give the business its due
The business itself is genuinely strong: revenue growing about 26%, net margins near 5%, a moderate competitive moat, backed by a 31% return on equity.
Levels that matter
At $9.41 the shares sit 17% below the 52-week high of $11.36 and 26% above the low of $7.44 (50% of the way up the range). The 50-day average is $10.03, above the price. The 200-day average is $9.47, above the price.
The valuation lens
The shares trade about 21% below our fair-value estimate: a modest cushion. Fair value lands near $12 against a $9.41 share price, a margin of safety of about 21%. The trailing multiple sits around 23 times earnings, which only makes sense if the growth holds.
The ethical lens, our differentiator
Screens compliant (both standards agree). A name values-conscious investors can weigh on the merits.
The verdict for a values-conscious investor
It clears the screen; size it to your own risk and conviction. One quarter, strong or soft, does not decide whether a holding is suitable.
This is analysis, not financial advice. Always manage your risk.
