When a company reports earnings, the reports are intensely examined by investors and analysts alike. Earnings are important because they can give insight into the profitability of a company. Covering Street analysts are looking for Novocure Ltd (NASDAQ:NVCR) to report quarterly EPS of $-0.4. The company is next expected to publish earnings on or around 2016-10-24 for the period ending 2016-09-30.
When a company releases earnings information, the results have the possibility of causing short-term stock movements whether the company misses or beats projections. Prior to the company’s earnings report, investors may be tracking directional trends of provided estimates. The company most recently reported a previous quarter earnings per share of $-0.48. The Zacks Research consensus before the earnings release was $-0.39.
The gap between the estimate and actual was $-0.09 which created a surprise factor of -23.08%. The current mean price target on the stock is $15 which includes 3 analysts that were polled by Zacks Research. The high end target price has shares touching $20 and the low end target estimate has the stock moving to $9 within the year. Zacks Research also uses a numerical ratings scale that spans from 1 to 5. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Combining all the ratings on Novocure Ltd (NASDAQ:NVCR), the current mean is sitting at 2.5.
Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.
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