Earnings Preview · 14 October 2026
Where our screen stands going in
Fails the principled screen, Business activity screen. 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 $14.30 a share on revenue near $7.4B. Over the next twelve months analysts pencil in $64.29 of earnings per share against $41.76 over the last twelve, growth of about 54%. The median analyst target is $1310 (range $1190 to $1479), 18% above the $1108.00 share price, across 16 analysts.
How it has traded on past prints
Across the last 24 reports, the shares moved an average of -0.2% in the five sessions after the print and +1.3% over twenty. After a beat the average follow-through was +1.8%; after a miss, -0.0%.
Levels that matter
At $1108.00 the shares sit 9% below the 52-week high of $1219.94 and 21% above the low of $917.39 (63% of the way up the range).
Valuation going in
The shares trade close to our fair-value estimate (+3% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $1137.15 against the current share price of $1108.00. The shares trade at 26.0 times trailing earnings and 16.9 times forward earnings. Revenue is growing about 31% with net margins near 24%.
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 +0.14, five-day price change +1.6%, as of 2026-10-12, desk flow model).
This is analysis, not financial advice. Always manage your risk.
