Croda's share price is range bound.
On 2024-03-12, analysts adjusted the earnings estimate for Croda International Plc (CRDA)
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 151.06. These figure are based on the prediction of 15 analysts.
The lower band of yearly EPS is expected to be at 139.1 for the period ending 31-12-2024 and the higher band at 170.3. The average EPS is expected to come in at 151.06. This is an decrease of about -0.098000005 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 1678000000 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
A decrease in earnings estimates could lower prices in anticipation of the upcoming results, providing investors with an early exit or selling point.
On 2024-03-12, analysts observed a change in the predicted threshold for CRDA's stock price.
Through their detailed research analyses, analysts present investors with a range of upper and lower price bands for a given stock, empowering investors with crucial data for decision-making. Findings from a poll of 14 investment specialists suggest that CRDA is forecasted to have a price expectation spanning from 4100.0 to 5600.0, with an average projection of approximately 4885.71.
Technical Summary
The current price of 4715.0 finds support at 4712.0 and resistance at 4863.0. The recent price move is breaching resistance.
The PSAR continues to be bullish in its current outlook.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
If you have enjoyed reading, spread the word: