Will Bellway continue the move down?
As of 2024-03-29, there was a shift in the price projections for Bellway p.l.c. (BWY).
In their thorough research assessments, analysts offer investors a detailed spectrum of maximum and minimum price projections for a given stock, enabling investors to formulate effective investment strategies. Collating insights from 14 industry insiders, BWY's price outlook is anticipated to range between 2350.0 and 3650.0, with the mean price expectation hovering around 2968.93.
Analysts changed the earnings estimate for BWY on 2024-03-29.
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 2241480000. Previously, it was 2284750000. These figure are based on the prediction of 16 analysts.
The lower band of yearly EPS is expected to be at 103.34 for the period ending 31-07-2024 and the higher band at 130.01. The average EPS is expected to come in at 119.02. This is an decrease of about -0.635 from the EPS of 326.5 from a year ago. The average revenue on the other hand is placed at 2241480000 with the lower band at 2127000000 and higher band at 2343000000. As compared to the revenue of 3406600000 from a year ago, the current estimate indicates an decrease of roughly -0.342
Reduced earnings estimates may result in price decreases leading up to the next results, offering investors an early exit opportunity or selling chance.
Technical Summary
The current price of 2584.0 finds support at 2256.0 and resistance at 2382.0.
The current price has crossed under the lower bolinger band.
The PSAR continues its bearish outlook and sets a level of resistance.
This is supported by Bolinger bands and is an added confirmation that the downward price move may continue.
DISCLAIMER: We provide our musings based on events. Nothing on this site can be considered professional advice of any kind.
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