As earnings season comes into focus, active investors may be wondering which companies will beat estimates and which ones will miss when the earnings numbers are posted. Looking at shares of Solar Capital Ltd. (NASDAQ:SLRC), we note that the current quarter consensus EPS estimate is 0.44. This estimate is comprised of 3 sell-side analysts polled by Zacks Research. For the previous quarter, the company posted a quarterly EPS of 0.45. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a particular company.
Investors might have been ready to throw in the towel as the rally stalled recently. However, the panic subsided and growth-hungry investors came searching for their favorite stocks in the wreckage. Keeping things in perspective, the economy seems good, and so does earnings growth. Investors may be wondering where the money will be flowing in the second half of the year. Many people may assume healthcare and tech would be the easy targets, primarily because that’s where the earnings growth is. Industrials and staples are no slouches for growth either, but they may be well fully-valued for their growth. Traders will most likely be honing their strategies that they created, trying to beat the market over the next couple of months.
Let’s shift the focus and look at some historical stock price action on shares of Solar Capital Ltd. (NASDAQ:SLRC). After a recent market scan, we have seen that the stock has been trading near the $21.38 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $22.46, and the 52-week low is $19.97. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved 2.49%. Since the beginning of the calendar year, we can see that shares have changed 5.79%. Over the past 4 weeks, shares have moved -1.34%. Over the previous 5 sessions, the stock has moved -0.88%.
Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of Solar Capital Ltd. (NASDAQ:SLRC) is presently 1.5. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 5 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Taking a look at some target price information, we note that shares of Solar Capital Ltd. (NASDAQ:SLRC) presently have an average target price of $22.5. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.
A certain stock price rally by itself may not be sufficient evidence when making important investing decisions. To understand whether buying a stock at a higher price is justified by its long-term return potential, it is necessary to keep the finger on the pulse of underlying fundamentals. Following the latest data may help investors make the tough portfolio decisions. Investors may also want to set personal financial goals to help ensure that they are staying on the proper track. Financial professionals may be debating if global economic growth appears to be in a modest uptrend. This may have investors scrambling to study if developing markets are indeed growing with developed markets. This year could end up being the first year in a while where this has happened. The longer the bull market run, the tougher the investing decisions might be for the stock picker.