Coats Group - ready for second leg up
On 2024-03-29, the price expectations for Coats Group plc (COA) underwent a transformation.
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. Predictions from a survey of 9 investment specialists suggest that COA's future price is expected to range from 80.0 to 110.00000000000001, with the mean forecast resting at about 98.0.
On 2024-04-02, analysts adjusted the earnings estimate for COA
Earnings estimates assist investors in evaluating the potential risks associated with a particular investment, helping them make risk-adjusted decisions. Average revenue has been revised up to 1148940000 by 9 analysts. Previously, it was 1134480000.
The average EPS (yearly) is expected to be at 0.07 for the period ending on 31-12-2024 between expected lower and upper bands at 0.07 and 0.09 respectively. This is an increase of about 0.16700001 from the EPS of 0.06 from a year ago. Similarly the average revenue is expected to be at 1148940000 between expected lower and upper bands at 1126830000 and 1200260000 respectively. As compared to the revenue of 1103240000 from a year ago, the current estimate indicates an increase of roughly 0.040999997
Elevated earnings estimates may result in price increases leading up to the next results, giving investors an early entry opportunity.
Technical Summary
The current price of 80.7 finds support at 66.8 and resistance at 70.8.
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 PSAR continues to be bullish in its current outlook.
The K-line is below the D-line on the stochastic indicator and the K-line is above 80. This may be the start of a bearish price move.
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 our musings based on events. Nothing on this site can be considered professional advice of any kind.
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