analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Encore Wire's earnings estimates, investors can diagnose different trends across Encore Wire's analyst sentiment over time as well as compare current estimates against different timeframes.For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.Many public companies, such as Encore Wire, manage the perception of their earnings on a regular basis to make sure that
Encore Wire is projected to generate 4.05 in earnings per share on the 31st of December 2023. Encore Wire earnings estimates module stress-tests analyst consensus about projected Encore Wire EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. The current year's Gross Profit is expected to grow to about 1.2 B. The current year's Profit Margin is expected to grow to 0.26 Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
Encore Wire Earnings Estimation BreakdownThe calculation of earning per share of Encore Wire is based on the official Zacks consensus of 1 analysts regarding Encore Wire's future annual earnings. Given the historical accuracy of 51.5%, Encore Wire's future earnings per share of Encore Wire is estimated to be 4.05 with the lowest and highest values of 4.05 and 4.05, respectively. Please note that this consensus of annual earnings estimates for Encore Wire is an estimate of EPS before non-recurring items and includes employee stock options expenses
Encore Wire Earnings Projection Consensus
Suppose the current estimates of Encore Wire's value are higher than the current market price of the Encore Wire stock. In this case, investors may conclude that Encore Wire is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Encore Wire's stock will quickly adjusts to the new information provided by the consensus estimate.
Encore Wire Earnings HistoryEarnings estimate consensus by Encore Wire analysts from Wall Street is used by the market to judge Encore Wire's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Encore Wire's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods. The current year's Accumulated Retained Earnings Deficit is expected to grow to about 2.3 B. The current year's Earning Before Interest and Taxes EBIT is expected to grow to about 997.9 M As of December 4, 2023, Weighted Average Shares is expected to decline to about 18.8 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 19 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Encore Wire's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Encore Wire in the context of predictive analytics.
Encore Wire Earnings per Share Projection vs ActualActual Earning per Share of Encore Wire refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Encore Wire predict the company's earnings will be in the future. The higher the earnings per share of Encore Wire, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.
Encore Wire Estimated Earnings per ShareFor an investor who is primarily interested in generating an income out of investing in entities such as Encore Wire, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Encore Wire should always be considered in relation to other companies to make a more educated investment decision.
Encore Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Encore Wire's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
About Encore Wire Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Encore Wire earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Encore Wire estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Encore Wire fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'Please read more on our stock advisor page.
Be your own money managerOur tools can tell you how much better you can do entering a position in Encore Wire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
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Also Currently PopularAnalyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity. When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Encore Stock analysis
When running Encore Wire's price analysis, check to measure Encore Wire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
Is Encore Wire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Encore Wire. If investors know Encore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Encore Wire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encore Wire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.