Earnings Preview · 06 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 $0.53 a share on revenue near $2.4B. Over the next twelve months analysts pencil in $2.12 of earnings per share against $1.69 over the last twelve, growth of about 25%. The median analyst target is $40 (range $36 to $44), 14% above the $35.66 share price, across 18 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of +1.2% in the five sessions after the print and +0.5% over twenty. After a beat the average follow-through was -1.7%; after a miss, +2.2%. 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 $35.66 the shares sit 11% below the 52-week high of $40.11 and 13% above the low of $31.56 (48% of the way up the range).
Valuation going in
The shares trade close to our fair-value estimate (+1% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $36.13 against the current share price of $35.66. The shares trade at 21.1 times trailing earnings and 16.8 times forward earnings. Revenue is growing about 4% with net margins near 13%.
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 +0.26, five-day price change +1.8%, as of 2026-11-04, desk flow model).
This is analysis, not financial advice. Always manage your risk.
