Analysts back Cranswick plc
Analysts altered the earnings estimate for Cranswick plc (CWK) on 2024-03-11.
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 EPS has been revised up from 205.03 to 232.15. These figure are based on the prediction of 11 analysts.
The average EPS (yearly) is expected to be at 232.15 for the period ending on 31-03-2024 between expected lower and upper bands at 224.0 and 242.59 respectively. This is an increase of about 0.108 from the EPS of 209.5 from a year ago. Similarly the average revenue is expected to be at 2576670000 between expected lower and upper bands at 2536600000 and 2587100000 respectively. As compared to the revenue of 2323000000 from a year ago, the current estimate indicates an increase of roughly 0.109
A surge in earnings estimates might propel prices upward leading to the next results, offering investors an early entry opportunity.
2024-03-11 marked a change in the price projections given by analysts for CWK
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. Collating insights from 9 industry insiders, CWK's price outlook is anticipated to range between 3800.0 and 4921.0, with the mean price expectation hovering around 4541.22.
Upgrading price projections represents a reassessment of analysts' outlook, prompted by alterations in market variables, potentially igniting a bullish momentum in market sentiment.
Technical Summary
The current price of 4068.0 finds support at 3588.0 and resistance at 3836.0.
There is a continuation of Aroon's bullish trend with Aroon Up still remaining at the 100 level. This trend needs to be explored further in conjunction with other indicators.
The current price has crossed under the upper bolinger band from above it. This could be a signal for a move lower.
The PSAR continues to be bullish in its current outlook.
The stochastic indicator is in a bullish mood where K-line is above the D-line and the K-line is above 80.
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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