Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were no upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $13.8 billion, representing a decrease of -27.90% from the revenues reported in the last year’s results. According to the average forecast, sales growth in current quarter could jump down -38.90%, compared to the corresponding quarter of last year. Data indicates that the EPS growth is expected to be -53.50% in 2024, while the next year’s EPS growth is forecast to be -15.00%.Īnalysts have estimated the company’s revenue for the quarter at $3.28 billion, with a low estimate of $3.01 billion and a high estimate of $3.83 billion. Analysts are projecting the company’s earnings per share (EPS) to be $1.26, which is expected to increase to $1.68 for fiscal year $5.12 and then to about $4.35 by fiscal year 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 2.29%. Here are five of the best ways to profit from the AI boom. And investors like you always want to get in on the hottest stocks of tomorrow.
And it's about to change everything we know about everything.Īccording to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. No cash balance or cash flow is included in the calculation.The artificial intelligence (AI) revolution is already here. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
0 kommentar(er)
