Coca-Cola HBC AG, one more push for breakthrough.
Analysts modified the earnings estimate for Coca-Cola HBC AG (CCH) 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 up to 8994650000. Previously, it was 8984660000. These figure are based on the prediction of 15 analysts.
The average EPS (yearly) is expected to be at 1.84 for the period ending on 31-12-2024 between expected lower and upper bands at 1.52 and 1.94 respectively. This is an increase of about 0.034 from the EPS of 1.78 from a year ago. Similarly the average revenue is expected to be at 8994650000 between expected lower and upper bands at 8620520000 and 9290420000 respectively. As compared to the revenue of 8712920000 from a year ago, the current estimate indicates an increase of roughly 0.032
After such estimate increases, investors typically prefer to move quickly to initiate new positions at lower prices, in anticipation of positive results.
Analysts revised their price projections for CCH on 2024-03-15.
In their thorough research assessments, analysts offer investors a detailed spectrum of maximum and minimum price projections for a given stock, enabling investors to formulate effective investment strategies. Analysis from 13 leading market analysts suggests that CCH's future price is forecasted to fall within the range of 2165.0 to 2994.0, with an average projection settling near 2721.0.
An improvement in price projections signifies an adaptation of analysts' expectations, influenced by evolving market trends, likely spurring a bullish rally in investor confidence.
Technical Summary
The current price of 2482.0 finds support at 2102.0 and resistance at 2140.0.
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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