Fair Isaac Corporation - has it peaked?
Analysts altered the earnings estimate for Fair Isaac Corporation (FICO) on 2024-03-09.
Earnings estimates reflect the collective expectations of analysts and investors about a company's financial performance, influencing market sentiment and stock prices. Average revenue has been revised up from 1694590000 to 1700030000. These figure are based on the prediction of 11 analysts.
The average yearly EPS is expected to be at 23.64 with the lower end expected at 21.91 and higher end at 25.16. This is an increase of about 0.199 from the EPS of 19.71 from a year ago. Also, the lower end of revenue is expected to be at 1642400000 and the higher band at 1748000000, with the average revenue expected to come in at 1700030000. This is an increase of about 0.123 from the revenue of 1513560000 from a year ago.
Following such estimate increases, investors usually want to move quickly to take on new positions at lower prices, foreseeing positive outcomes.
Transactions on the stock market were reported by insiders of FICO since 14-12-2023.
Studying insider transactions over time allows investors to track trends and assess whether insiders are consistently bullish or bearish about the company's long-term prospects.
There were no insider transactions on the buy side whereas their sales at an average price of 1127.62 Leading up to the earnings announcement, insiders have been actively selling shares, heightening the possibility of negative earnings and subsequent price fluctuations.
The predicted threshold for FICO's stock price experienced a change on 2024-03-09, according to analysts.
Analysts, in their research reports provide a range of maximum and minimum price projections for a given stock, which investors can draw on to guide their decisions.Analysts, through their exhaustive research reports, furnish investors with a spectrum of maximum and minimum price projections for a particular stock, aiding investors in making informed decisions. Analysis from 11 leading market analysts suggests that FICO's future price is forecasted to fall within the range of 891.0 to 1500.0, with an average projection settling near 1347.46.
A rise in price projections indicates a reassessment of analysts' outlook, prompted by shifts in market variables. If enough investers see the potential, this sets off a bullish surge in trading activity.
Technical Summary
The current price of 1328.59 finds support at 1323.81 and resistance at 1323.81. The recent price move is breaching resistance.
The current price has crossed above the upper bolinger band in its latest price move.
The PSAR continues to be bullish in its current outlook.
Confirming this signal is the Bolinger band indicator which is also pointing to an upwards price move.
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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