Earnings Review · 05 November 2026
The print
Revenue $2837.77B. EPS $0.48 vs $0.38 expected.
How the market took it
On 2026-11-05 the shares closed at $27.54, +6.1% against the prior close of $25.95 (opening +6.2% from the prior close). Across the last 24 reports the shares have moved an average of +2.5% over the five sessions after the print, so the +6.1% on the day sits ahead of that average.
What changed versus going in
Earnings came in at $0.48 a share against $0.38 expected, a beat of 26% (+$0.10 a share).
Did the flow confirm the move?
Underlying money flow reads as accumulation (21-day Chaikin Money Flow +0.21, five-day price change +2.9%, as of 2026-11-04, desk flow model).
Give the business its due
The business itself is genuinely strong: revenue growing about 8%, net margins near -2%, a narrow competitive moat, backed by a 13% return on equity.
Levels that matter
At $27.54 the shares sit 9% below the 52-week high of $30.34 and 43% above the low of $19.32 (75% of the way up the range).
The valuation lens
The shares trade about 18% above our fair-value estimate: priced for things to go right. Fair value lands near $23 against a $27.54 share price, a margin of safety of about -18%. The trailing multiple sits around 21 times earnings, which only makes sense if the growth holds.
The ethical lens, our differentiator
Screens compliant (on our anchor standard; the faith-based screen is stricter here). A name values-conscious investors can weigh on the merits.
The verdict for a values-conscious investor
It clears the screen; size it to your own risk and conviction. One quarter, strong or soft, does not decide whether a holding is suitable.
This is analysis, not financial advice. Always manage your risk.
