Alcon Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Alcon Inc. (NYSE:ALC) is expected to report Q3 earnings of 67 cents per share, up from 50 cents a year ago, with revenue estimated at $2.35 billion versus $2.12 billion. The company previously reported better-than-expected Q2 results. Alcon shares recently closed down at $72.05. Analysts from Argus Research, Wells Fargo, Baird, and BTIG have maintained positive ratings and raised their price targets for Alcon, with accuracy rates ranging from 66% to 76%.
November 14, 2023 | 3:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analysts predict Alcon's Q3 earnings to rise, with a positive revenue outlook. Recent analyst ratings have been favorable, with increased price targets, indicating confidence in the company's performance.
The anticipation of higher earnings and revenue for Alcon's Q3 report, coupled with recent positive analyst ratings and increased price targets, suggests a favorable short-term impact on ALC's stock price. The company's previous quarter's better-than-expected results further support this outlook. However, the recent slight decline in share price indicates market caution, which is factored into the confidence score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100