Factors Likely to Have Influenced Earnings Results Alcon (NYSE:ALC)

Earnings results for Alcon (NYSE:ALC)

Alcon Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.44. The reported EPS for the same quarter last year was $0.45.

Alcon last announced its earnings data on February 22nd, 2021. The healthcare company reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. Its revenue for the quarter was up 2.3% compared to the same quarter last year. Alcon has generated $1.89 earnings per share over the last year. Alcon has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021.

Analyst Opinion on Alcon (NYSE:ALC)

13 Wall Street analysts have issued ratings and price targets for Alcon in the last 12 months. Their average twelve-month price target is $73.11, predicting that the stock has a possible downside of 3.07%. The high price target for ALC is $86.00 and the low price target for ALC is $55.00. There are currently 1 sell rating, 5 hold ratings and 7 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 2.46, and is based on 7 buy ratings, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $73.11, Alcon has a forecasted downside of 3.1% from its current price of $75.43. Alcon has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Alcon (NYSE:ALC)

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

Insiders buying/selling: Alcon (NYSE:ALC)

In the past three months, Alcon insiders have not sold or bought any company stock. Only 1.52% of the stock of Alcon is held by insiders. 46.52% 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 (NYSE:ALC

Earnings for Alcon are expected to grow by 78.10% in the coming year, from $1.05 to $1.87 per share. The P/E ratio of Alcon is -51.31, 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 -51.31, 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 4.68. PEG Ratios above 1 indicate that a company could be overvalued. Alcon has a P/B Ratio of 1.91. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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