Earnings Preview · 06 November 2026
Where our screen stands going in
Fails the principled screen, Interest-bearing securities. 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 $-1.00 a share on revenue near $40.9B. Over the next twelve months analysts pencil in $17.09 of earnings per share against $10.58 over the last twelve, growth of about 62%. The median analyst target is $473 (range $280 to $596), 15% above the $410.67 share price, across 24 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of +1.6% in the five sessions after the print and +9.6% over twenty. After a beat the average follow-through was +11.2%; after a miss, -3.2%. There is no reliable drift pattern: the first move has often faded, so chasing the gap has not paid.
Levels that matter
At $410.67 the shares sit 10% below the 52-week high of $456.50 and 152% above the low of $163.11 (84% of the way up the range).
Valuation going in
The shares trade close to our fair-value estimate (+3% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $424.47 against the current share price of $410.67. The shares trade at 39.2 times trailing earnings and 24.3 times forward earnings. Revenue is growing about 26% with net margins near 1%.
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 -0.23, five-day price change +1.3%, as of 2026-11-04, desk flow model).
This is analysis, not financial advice. Always manage your risk.
