Investors and analysts are typically super focused on company earnings numbers when they are reported. Company earnings are a good way to evaluate the company profitability. Currently, sell-side analysts are expecting Meritor, Inc. (NYSE:MTOR) to report quarterly EPS of $0.31. The company’s next earnings report is expected to be published on or around 2016-11-08 for the period ending on 2016-09-30.
Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. Leading up to the release it’s also important to take note of the direction the estimates are headed as analyst revisions can often give an idea of Street sentiment on expected performance.
Most recently, Meritor, Inc. posted actual earnings of $0.57 per share against the $0.44 Zacks consensus estimate. This represents a surprise factor of 29.55% or a difference of $0.13. There are currently 4 brokerage firms covering Meritor, Inc., offering earnings per share estimates as well as future price target projections. On a consensus basis, analysts have pinned a $9 mean target price for the short term on the stock. The most lofty price projection sees the stock reaching $12 within the year, while the most conservative has a $7 target on the name.
Zacks provides a simpler approach for understanding analyst recommendations on stocks, using an integer based system which converts each recommendation into a 1-5 average, where 1 represents a Strong Buy and 5 a Strong Sell. Compiling all of the recommendations for the firm, Meritor, Inc. (NYSE:MTOR) current has a mean recommendation of 3.33.
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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