The company is expected to report a gain of $1.41/share on $1.85 billion in revenue. Meanwhile, the so-called Whisper number is a gain of $1.50/share. The Whisper number is the Street’s unofficial view on earnings.
A Closer Look At The Fundamentals
The company’s earnings have steadily grown in recent years which is very attractive to growth investors. Looking forward, the growth is likely to continue. The Street believes the company will grow its earnings by 54% in 2024 compared to 2023 and then grow by another 17% in 2025 compared to 2024! That’s very impressive growth in this environment.
A Closer Look At The Technicals
Technically, the stock is acting well and is only 6.6% below its 52-week high (not its record high). The stock is tracing out a big and bullish cup pattern and a breakout above $240-252 will be bullish.
Pay Attention To How The Stock Reacts To The News
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.
Disclaimer: The stock has been featured in my FindLeadingStocks.com stock market membership website.