Earnings Review · 23 October 2026
The print
Revenue $5.08B. EPS $0.20 vs $0.21 expected.
How the market took it
On 2026-10-23 the shares closed at $12.35, -6.6% against the prior close of $13.22 (opening -4.6% from the prior close). Across the last 25 reports the shares have moved an average of +0.7% over the five sessions after the print, so the -6.6% on the day sits behind that average.
What changed versus going in
Earnings came in at $0.20 a share against $0.21 expected, a miss of 5% (-$0.01 a share).
Did the flow confirm the move?
Underlying money flow reads as accumulation (21-day Chaikin Money Flow +0.22, five-day price change +9.0%, as of 2026-10-22, desk flow model).
Give the business its due
The business itself is genuinely strong: revenue growing about 3%, net margins near 16%, a unknown competitive moat, backed by a 32% return on equity.
Levels that matter
At $12.35 the shares sit 59% below the 52-week high of $30.00 and 22% above the low of $10.12 (11% of the way up the range). The 50-day average is $11.44, below the price. The 200-day average is $13.10, above the price.
The valuation lens
The shares trade about 24% above our fair-value estimate: priced for things to go right. Fair value lands near $10 against a $12.35 share price, a margin of safety of about -24%. The trailing multiple sits around 15 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.
