United Utilities could breakout higher?
On 2024-03-04, analysts made an alteration in the earnings estimate for United Utilities Group PLC (UU)
Meeting or exceeding earnings estimates can enhance investor confidence in a company's management and business fundamentals, positively impacting its stock price and reputation. Average revenue has been revised down to 1976460000. Previously, it was 1977600000. These figure are based on the prediction of 12 analysts.
The average EPS (yearly) is expected to be at 30.03 for the period ending on 31-03-2024 between expected lower and upper bands at 25.69 and 38.15 respectively. This is an increase of about 24.1 from the EPS of -1.3 from a year ago. Similarly the average revenue is expected to be at 1976460000 between expected lower and upper bands at 1956000000 and 1995390000 respectively. As compared to the revenue of 1824400000 from a year ago, the current estimate indicates an increase of roughly 0.083000004
In the aftermath of such estimate increases, investors typically prefer to move swiftly to assume new positions at lower prices, in anticipation of positive results.
As of 2024-03-04, there was a shift in the price projections for UU.
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.
Future price for UU is expected to range between 948.0 and 1315.0, with a mean price expectation of about 1152.33 as per recommendations from 12 analysts.
Technical Summary
The current price of 1055.0 finds support at 1029.5 and resistance at 1057.5. The recent price move is approaching resistance.
The PSAR continues to be bullish in its current outlook.
