Earnings Preview · 30 October 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 $0.79 a share on revenue near $6.9B. Over the next twelve months analysts pencil in $3.03 of earnings per share against $2.72 over the last twelve, growth of about 11%. The median analyst target is $46 (range $44 to $58), 2% below the $47.05 share price, across 17 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -1.1% in the five sessions after the print and -0.1% over twenty. After a beat the average follow-through was +0.3%; after a miss, -3.5%.
Levels that matter
At $47.05 the shares sit 7% below the 52-week high of $50.65 and 18% above the low of $39.73 (67% of the way up the range). The 50-day average is $42.87, below the price. The 200-day average is $45.11, below the price.
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 $45.74 against the current share price of $47.05. The shares trade at 16.9 times trailing earnings and 15.1 times forward earnings. Revenue is growing about 10% with net margins near 11%.
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 +0.20, five-day price change +2.1%, as of 2026-10-23, desk flow model).
This is analysis, not financial advice. Always manage your risk.
