Earnings Preview · 20 October 2026
Where our screen stands going in
Screens compliant (both standards agree). A name values-conscious investors can weigh on the merits.
What the Street expects
Over the next twelve months analysts pencil in $3.66 of earnings per share against $2.67 over the last twelve, growth of about 37%. The median analyst target is $97 (range $83 to $101), 4% above the $92.68 share price, across 5 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -0.6% in the five sessions after the print and +2.1% over twenty. After a beat the average follow-through was +1.6%; after a miss, +4.2%. 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.
Levels that matter
At $92.68 the shares sit 16% below the 52-week high of $110.20 and 38% above the low of $67.24 (59% of the way up the range). The 50-day average is $97.61, above the price. The 200-day average is $94.24, above the price.
Valuation going in
The shares trade close to our fair-value estimate (-8% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $84.87 against the current share price of $92.68. The shares trade at 34.7 times trailing earnings and 25.3 times forward earnings. Revenue is growing about 14% with net margins near 14%.
Our stance
The name clears our screen; the print tells us whether the valuation is earning its keep.
What the flow says going in
Money has been flowing IN underneath a flat-to-lower price: quiet accumulation, the kind of positioning that tends to show up before a name moves, not after. (21-day Chaikin Money Flow +0.13, five-day price change -6.2%, as of 2026-10-19, desk flow model).
This is analysis, not financial advice. Always manage your risk.
