For the next earnings release earnings of Red Hat, Inc. (NYSE:RHT), the analysts are expecting firm to post $0.31 EPS for the quarter. The financial results date is expected to be around 2016-03-23. These projected numbers are given by Zacks Research, and therefore, there might be a discrepancy between the projected numbers of FactSet. Both the firms follow recommendations of a different set of analysts. Most recently Red Hat, Inc. recorded earnings of $0.31 for the quarter closed on 2015-11-30.
This posted number was $0.01 away from announced analysts’ consensus, suggesting a surprise factor of 3.33%. This deviation can often notably impact a company’s stock price in the trailing days after the earnings release. Now looking at where analysts believe the stock is headed, they have put a $88.529 one year mean price target on the stock. 17 analysts polled by Zacks were taken into consideration to compute this figure.
The analysts have placed a bullish price target of $97 on the stock, while the most bearish target is set at $75 in the same one-year timeframe. Wall Street analysts last revised this number on 2016-02-05. Depending on the research groups, sell-side analysts can implement alternate terminology to give their Sell/Buy recommendations.
Due to this retail investors find it difficult to understand the research firms recommendations. Therefore, Zacks offers unique rating known as ‘analyst brokerage rating,’ which simplifies the stock recommendations on a ‘1 to 5’ scale. Red Hat, Inc. (NYSE:RHT) currently has an ABR 1.5. This is the average stock recommendation based on 17 analysts polled.
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