Croda, more downside?
A shift occurred in the market expectations for Croda International Plc (CRDA)'s earnings on 2024-03-05, leading up to its next results.
Earnings estimates help investors make informed decisions about buying, holding, or selling stocks based on projected future earnings potential. Average EPS has been revised down from 157.05 to 151.49. These figure are based on the prediction of 15 analysts.
The lower band of yearly EPS is expected to be at 138.0 for the period ending 31-12-2024 and the higher band at 170.3. The average EPS is expected to come in at 151.49. This is an decrease of about -0.095 from the EPS of 167.4 from a year ago. The average revenue on the other hand is placed at 1744480000 with the lower band at 1672000000 and higher band at 1820000000. As compared to the revenue of 1694500000 from a year ago, the current estimate indicates an increase of roughly 0.029000001
The downturn in earnings estimates might lead to price drops before the next results, giving investors an early exit chance or a selling opportunity.
2024-03-05 marked a shift in the predicted threshold for CRDA's stock price, according to analysts.
Through their meticulous research endeavors, analysts furnish investors with a diverse array of maximum and minimum price projections for different stocks, offering valuable benchmarks for investment decisions.
As per insights gathered from a panel of 14 financial experts, CRDA is anticipated to see its future price fluctuating between 4100.0 and 5600.0, with a mean expectation of approximately 4892.86.
Any elevation in price projections signals a reevaluation of analysts' predictions, influenced by fluctuations in market parameters, potentially fueling a bullish rally in investor sentiment.
Technical Summary
The current price of 4728.0 finds support at 4712.0 and resistance at 4863.0. The recent price move is approaching support.
The PSAR has just reversed direction from bearish to bullish in the latest move. Interpreted in conjunction with other indicators, this could be a very bullish signal if supported by a trend.
The moving averages for 20-50-100 periods are aligned in a brearish trend and this is reinforced by their slopes indicating a continuing overall bearish trend.
