Earnings Preview · 03 November 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 $2.20 a share on revenue near $1.4B. Over the next twelve months analysts pencil in $10.65 of earnings per share against $2.79 over the last twelve, growth of about 282%. The median analyst target is $149 (range $124 to $173), 24% above the $119.88 share price, across 20 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -0.5% in the five sessions after the print and -3.8% over twenty. After a beat the average follow-through was -4.6%; after a miss, -2.1%. 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. There is no reliable drift pattern: the first move has often faded, so chasing the gap has not paid.
Levels that matter
At $119.88 the shares sit 22% below the 52-week high of $153.29 and 20% above the low of $99.56 (38% of the way up the range). The 50-day average is $124.16, above the price. The 200-day average is $126.11, above the price.
Valuation going in
The shares trade about 22% below our fair-value estimate: a modest cushion. Our fair-value estimate is $154.34 against the current share price of $119.88. The shares trade at 42.5 times trailing earnings and 11.1 times forward earnings. Revenue is growing about 64% with net margins near 5%.
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 -0.13, five-day price change +2.7%, as of 2026-10-30, desk flow model).
This is analysis, not financial advice. Always manage your risk.
