Earnings Preview · 20 October 2026
Where our screen stands going in
Fails the principled screen, Business activity. 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 $0.13 a share on revenue near $13.0B. The median analyst target is $225 (range $118 to $450), 54% above the $146.03 share price, across 31 analysts.
What options are pricing
Max pain for the nearest expiry is $155.
Levels that matter
At $146.03 the shares sit 35% below the 52-week high of $225.64 and 39% above the low of $104.83 (34% of the way up the range).
Valuation going in
The shares trade about 10% above our fair-value estimate: priced for things to go right. Our fair-value estimate is $132.39 against the current share price of $146.03. Revenue is growing about 92% with net margins near -36%.
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 is neutral (21-day Chaikin Money Flow -0.05, five-day price change -9.5%, as of 2026-10-19, desk flow model): no strong accumulation or distribution signature.
This is analysis, not financial advice. Always manage your risk.
