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 $3.08 a share on revenue near $6.0B. Over the next twelve months analysts pencil in $10.35 of earnings per share against $5.93 over the last twelve, growth of about 74%. The median analyst target is $208 (range $106 to $306), 76% above the $118.50 share price, across 22 analysts.
How it has traded on past prints
Across the last 25 reports, the shares moved an average of -3.1% in the five sessions after the print and -0.2% over twenty. After a beat the average follow-through was +3.5%; after a miss, -2.0%.
Levels that matter
At $118.50 the shares sit 40% below the 52-week high of $198.82 and -11% above the low of $132.66 (-21% of the way up the range).
Valuation going in
Our fair-value work puts the shares about 35% below what the business is worth: value on offer. Our fair-value estimate is $181.85 against the current share price of $118.50. The shares trade at 23.8 times trailing earnings and 13.6 times forward earnings. Revenue is growing about -6% with net margins near 12%.
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 distribution (21-day Chaikin Money Flow -0.10, five-day price change -15.7%, as of 2026-11-04, desk flow model).
This is analysis, not financial advice. Always manage your risk.
