Agilent Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Agilent Technologies, Inc. (NYSE:A) is expected to report lower Q4 earnings of $1.35 per share compared to $1.53 per share a year ago, with revenue estimated at $1.67 billion versus $1.85 billion. Despite a 5% dividend increase, shares dropped 0.9%. Analysts have revised price targets, with Barclays cutting it from $110 to $105, Evercore ISI from $124 to $120, Jefferies from $150 to $146, JP Morgan from $155 to $150, and Baird from $144 to $140.
November 20, 2023 | 8:23 am
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NEGATIVE IMPACT
Agilent's expected lower Q4 earnings and revenue, along with recent price target reductions by analysts, could pressure the stock in the short term. However, the dividend increase may provide some support.
The projected decline in earnings and revenue signifies potential challenges in the company's performance, which is typically a negative signal for investors. The recent drop in share price reflects market sentiment reacting to these expectations. Although the dividend increase is positive, it may not fully offset the impact of the earnings and revenue decline. The adjustments in price targets by several analysts with high accuracy rates further suggest a bearish outlook in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100