There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 39.86 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
Technically, the stock approaches a strong medium-term resistance at USD 55.87.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
For the past year, analysts have significantly revised downwards their profit estimates.