Stock Mover in Focus: STMicroelectronics N.V. (NYSE:STM)
STMicroelectronics N.V. (NYSE:STM) is expected to post quarterly earnings on 2015-11-04. Investors will be eagerly eyeing the number the company reports compared to the earnings per share that brokers are predicting. Sell-side firms are looking for the company to post EPS of $0.14 for the quarter ending on 2015-09-30. This consensus number is based on the 3 brokers that are providing estimates.
In the prior quarter, STMicroelectronics N.V. (NYSE:STM) saw a surprise factor of 50% . The actual reported EPS number was $0.06 which was $0.02 off from what analysts had predicted. The standard deviation before the number was posted was $0.01.
Keeping an Eye on the Stock
According to a consensus average of 3 brokerage firms providing projections, they view the stock reaching $8.75 over the next 52 weeks. The standard deviation of the price targets is $1.089. A more bearish analyst sees the stock at $8 within the next year, while a more bullish analyst sees the stock at $10, within the same time frame.
On an analyst ratings scale of 1 to 5 where 5 represents a Strong Sell and 1 represents a Strong Buy, STMicroelectronics N.V. has a consensus rating of 3. In comparison, the three months ago stock rating was a 3.
