Traders would have their eyes on Vodafone
On 2024-03-08, there occurred a change in the earnings estimate for Vodafone Group Public Limited Company (VOD) by analysts.
Earnings estimates allow investors to compare a company's performance with its peers and industry benchmarks, providing insights into its competitive position and market dynamics. Average revenue has been revised up from 37551900000 to 37645200000. These figure are based on the prediction of 17 analysts.
The lower end of yearly EPS is expected to be at 0.03 for the period that ends on 31-03-2024 and the higher band at 0.08, with the average EPS expected to come in at 0.06, which is an decrease of about -0.333 from the EPS of 0.09 from a year ago. Additionally the average revenue is expected to be at 37645200000 with the lower end expected at 36181500000 and higher end at 38766800000 which is an decrease of about -0.04 from the revenue of 39200700000 from a year ago.
A decline in earnings estimates might drive prices downward leading to the next results, offering investors an early exit or selling opportunity.
VOD's price projections experienced an adjustment on 2024-03-08.
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.
Predictions from a survey of 16 investment specialists suggest that VOD's future price is expected to range from 60.0 to 128.0, with the mean forecast resting at about 86.0.
Technical Summary
The current price of 71.04 finds support at 70.81 and resistance at 72.69. The recent price move is breaching resistance.
The PSAR continues to be bullish in its current outlook.
The stochastic indicator is in a bullish mood where K-line is above the D-line and the K-line is above 80.
The 20-50-100 moving averages are aligned for a bullish trend. This, along with their slopes points to a mildly bullish overall trend.
