Earnings Preview · 17 October 2026
Where our screen stands going in
Fails the principled screen, Business activity exclusion: FAIL. 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
Over the next twelve months analysts pencil in $1.87 of earnings per share against $1.71 over the last twelve, growth of about 9%. The median analyst target is $36 (range $35 to $38), 22% above the $29.99 share price, across 4 analysts.
How it has traded on past prints
Across the last 24 reports, the shares moved an average of +2.5% in the five sessions after the print and +1.0% over twenty. The post-earnings drift has been consistent: the first move has tended to keep going.
Levels that matter
At $29.99 the shares sit 9% below the 52-week high of $33.03 and 20% above the low of $25.08 (62% of the way up the range).
Valuation going in
The shares trade close to our fair-value estimate (+7% margin of safety): fairly priced, little cushion for a miss. Our fair-value estimate is $32.28 against the current share price of $29.99. The shares trade at 17.2 times trailing earnings and 15.7 times forward earnings. Revenue is growing about 11% with net margins near 28%.
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 +0.28, five-day price change +7.5%, as of 2026-10-16, desk flow model): no strong accumulation or distribution signature.
This is analysis, not financial advice. Always manage your risk.
