A look at Beazley's rally.
Analysts altered the earnings estimate for Beazley plc (BEZ) on 2024-03-15.
Consistently meeting or surpassing earnings estimates can signal a company's ability to generate sustainable growth and shareholder value over the long term, attracting investors and supporting stock appreciation. Average revenue has been revised down to 4667980000. Previously, it was 4716110000. These figure are based on the prediction of 12 analysts.
The average yearly EPS is expected to be at 0.95 with the lower end expected at 0.71 and higher end at 1.19. This is an decrease of about -0.195 from the EPS of 1.18 from a year ago. Also, the lower end of revenue is expected to be at 4067340000 and the higher band at 5028850000, with the average revenue expected to come in at 4667980000. This is an increase of about 0.098000005 from the revenue of 4251170000 from a year ago.
Decreased earnings estimates might prompt price declines before the next results, serving as an early exit opportunity or sell chance for investors.
Analysts made a change to their price projections for BEZ on 2024-03-15.
Analysts, through their diligent research efforts, provide investors with a comprehensive range of maximum and minimum price projections for a selected stock, enabling investors to make well-informed choices. According to a survey of 15 financial experts, BEZ's projected price range falls between 618.0 and 919.0, with the average expectation hovering around 787.0.
Technical Summary
The current price of 655.5 finds support at 649.5 and resistance at 668.0. The recent price move is approaching support.
The PSAR continues to be bullish in its current outlook.
The moving averages for 20-50-100 are aligned bearishly but the slopes for the 20/50 SMAs are starting to waver, indicating a possible move to a bullish price action soon.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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