Earnings Preview · 05 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 $1.86 a share on revenue near $9.0B. Over the next twelve months analysts pencil in $7.17 of earnings per share against $6.64 over the last twelve, growth of about 8%. The median analyst target is $130 (range $121 to $143), 0% below the $130.08 share price, across 19 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -0.6% in the five sessions after the print and +0.4% over twenty. After a beat the average follow-through was +0.2%; after a miss, +1.9%. 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 $130.08 the shares sit 3% below the 52-week high of $134.49 and 16% above the low of $112.40 (80% of the way up the range). The 50-day average is $118.94, below the price. The 200-day average is $122.08, below the price.
Valuation going in
The shares trade about 14% above our fair-value estimate: priced for things to go right. Our fair-value estimate is $113.69 against the current share price of $130.08. The shares trade at 19.0 times trailing earnings and 17.6 times forward earnings. Revenue is growing about 1% with net margins near 16%.
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 accumulation (21-day Chaikin Money Flow +0.25, five-day price change +1.4%, as of 2026-11-03, desk flow model).
This is analysis, not financial advice. Always manage your risk.
