Earnings Preview · 03 November 2026
Where our screen stands going in
Fails the principled screen, Debt ratio. 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 $1.08 a share on revenue near $3.3B. Over the next twelve months analysts pencil in $5.22 of earnings per share against $3.17 over the last twelve, growth of about 65%. The median analyst target is $248 (range $190 to $290), 49% above the $166.21 share price, across 29 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -2.5% in the five sessions after the print and -0.9% over twenty.
What options are pricing
Implied volatility near 107% prices a one-week move of roughly ±14.8% (about $141.56 to $190.86). Positioning: the heaviest put open interest sits at $160 and the heaviest call open interest at $175; those strikes tend to act as magnets or walls in the days after.
Levels that matter
At $166.21 the shares sit 24% below the 52-week high of $217.41 and 45% above the low of $114.52 (50% of the way up the range). The 50-day average is $196.42, above the price. The 200-day average is $157.79, below the price.
Valuation going in
The shares trade about 13% below our fair-value estimate: a modest cushion. Our fair-value estimate is $191.89 against the current share price of $166.21. The shares trade at 58.1 times trailing earnings and 35.3 times forward earnings. Revenue is growing about 38% with net margins near 38%.
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 is neutral (21-day Chaikin Money Flow +0.01, five-day price change -2.0%, as of 2026-10-30, desk flow model): no strong accumulation or distribution signature.
This is analysis, not financial advice. Always manage your risk.
