Will FactSet Research Systems breach the trend line?
Analysts revised the earnings estimate for FactSet Research Systems Inc. (FDS) on 2024-03-09.
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 up from 2206380000 to 2207410000. These figure are based on the prediction of 17 analysts.
The lower band of yearly EPS is expected to be at 15.79 for the period ending 31-08-2024 and the higher band at 16.07. The average EPS is expected to come in at 15.93. This is an increase of about 0.095 from the EPS of 14.55 from a year ago. The average revenue on the other hand is placed at 2207410000 with the lower band at 2202000000 and higher band at 2218000000. As compared to the revenue of 2085510000 from a year ago, the current estimate indicates an increase of roughly 0.058000002
A rise in earnings estimates could trigger price escalation before the next results, potentially granting investors an early entry option.
Insider transactions on the stock market were reported by FDS insiders since 16-12-2023.
When insiders buy shares ahead of earnings, it indicates their alignment with shareholders' interests, suggesting they believe in the company's growth potential.
There were no insider transactions on the buy side in contrast sales averaged at 450.76 As the earnings approach, insiders have been actively offloading shares, suggesting a potential negative earnings outcome and subsequent price movement.
There was a revision to the price projections provided by analysts for FDS on 2024-03-09.
Through their in-depth research examinations, analysts offer investors a variety of maximum and minimum price projections for a particular stock, facilitating informed decision-making in the market. Predictions from a survey of 13 investment specialists indicate that FDS is expected to have a future price spanning from 372.0 to 500.0, with the mean forecast resting at about 456.62.
Technical Summary
The current price of 478.88 finds support at 476.79 and resistance at 486.77. The recent price move is approaching support.
The current price has crossed under the upper bolinger band from above it. This could be a signal for a move lower.
The PSAR continues to be bullish in its current outlook.
The K-line is below the D-line on the stochastic indicator and the K-line is above 80. This may be the start of a bearish 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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