Amphenol Corporation seems to have had its fill.
Analysts changed the earnings estimate for Amphenol Corporation (APH) on 2024-03-09.
Earnings estimates reflect the collective expectations of analysts and investors about a company's financial performance, influencing market sentiment and stock prices. Average revenue has been revised up from 3094420000 to 3094730000. These figure are based on the prediction of 12 analysts.
The lower band of quarterly EPS is expected to be at 0.72 for the period ending 31-03-2024 and the higher band at 0.77. The average EPS is expected to come in at 0.73. This is an increase of about 0.058000002 from the EPS of 0.69 from a year ago. The average revenue on the other hand is placed at 3094730000 with the lower band at 3060000000 and higher band at 3167000000. As compared to the revenue of 2974000000 from a year ago, the current estimate indicates an increase of roughly 0.040999997
Typically, investors seek to act swiftly following such estimate increases to secure new positions at lower prices, anticipating positive outcomes.
Insider transactions on the stock market were reported by APH insiders since 13-12-2023.
The prices at which the insider transactions happen often give an insight into the result and the potential price movement after the result.
There were no insider transactions on the buy side whereas their sales at an average price of 103.50 Insiders have been actively liquidating shares in the period preceding the earnings, suggesting the potential for negative earnings and subsequent price adjustments.
There was a modification in the price predictions for APH as of 2024-03-05.
In their thorough research evaluations, analysts outline a price band for a particular stock, providing investors with essential guidance for their investment choices. Analysis from 12 leading market analysts suggests that APH's future price is forecasted to fall within the range of 90.0 to 121.0, with an average projection settling near 111.26.
Technical Summary
The current price of 109.88 finds support at 81.46 and resistance at 83.99.
The PSAR continues its bearish outlook and sets a level of resistance.
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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