Factors Likely to Have Influenced Earnings Results Alcon Stock Forecast, Price & News (NYSE:ALC)

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Earnings results for Alcon Stock Forecast, Price & News (NYSE:ALC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.17 and remained the same over the past month at -0.17. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.98 and remained the same over the past month at 0.98 . Of the 2 analysts making yearly forecasts, 1raised and 1 lowered their forecast.

Alcon last announced its earnings data on May 12th, 2020. The healthcare company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Its revenue for the quarter was down 1.3% compared to the same quarter last year. Alcon has generated $1.89 earnings per share over the last year. Alcon has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 18th, 2020 based off prior year’s report dates.

Analyst Opinion on Alcon Stock Forecast, Price & News (NYSE:ALC)

18 Wall Street analysts have issued ratings and price targets for Alcon in the last 12 months. Their average twelve-month price target is $60.50, predicting that the stock has a possible downside of 1.87%. The high price target for ALC is $69.00 and the low price target for ALC is $50.00. There are currently 3 sell ratings, 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Alcon has received a consensus rating of Hold. The company’s average rating score is 2.28, and is based on 8 buy ratings, 7 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $60.50, Alcon has a forecasted downside of 1.9% from its current price of $61.65. Alcon has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Alcon Stock Forecast, Price & News (NYSE:ALC)

Alcon does not currently pay a dividend. Alcon does not have a long track record of dividend growth.

Insiders buying/selling: Alcon Stock Forecast, Price & News (NYSE:ALC)

In the past three months, Alcon insiders have not sold or bought any company stock. 52.89% of the stock of Alcon is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Alcon Stock Forecast, Price & News (NYSE:ALC

Earnings for Alcon are expected to grow by 94.90% in the coming year, from $0.98 to $1.91 per share. The P/E ratio of Alcon is -49.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Alcon is -49.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Alcon has a PEG Ratio of 7.57. PEG Ratios above 1 indicate that a company could be overvalued. Alcon has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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