INC Research Holdings, Inc. (NASDAQ:INCR) is trading up 55.60% versus 12-month low of 34.19 and stands -6.85% lower from its 1-year peak of $57.11. The consensus price target (PT) of $55.81 means that the market expects Company shares to increase by 5.1% in the short run. The sell-side target prices range from $49.5 to $64. In the last month the stock has moved in price 6.72%, with a one year change of 18.22%. The last trading session volume compares with the 494.31K average and market worth floats around 2.85B.
INC Research Holdings, Inc. (NASDAQ:INCR) gained 0.19% to reach at the trading price of $53.20 as it is set to release its next quarterly earnings report on March 02, 2017. INC Research Holdings, Inc. stock trades in the range of $52.05 to $53.65 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.67 a share with $268.99M in revenue.
INC Research Holdings, Inc. (INCR) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast INC Research Holdings, Inc. to earn $0.68 per share (EPS) on revenue of $275.82M. The EPS consensus range is $0.65-$0.71 on revenue between $281.4M and $271.26M.
While if we look at the Earnings Track Record, INC Research Holdings, Inc. (INCR) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 87%. Last time the company reported, INC Research Holdings, Inc. (INCR) generated $0.64 in earnings per share, beating the consensus estimate of $0.63. Revenues hit $259.56M in the September 2017 quarter, which was below the consensus $259.89M projection. On the other hand, in the June 2017 quarter the company recorded a net $258.8M revenue with earnings per share of $0.61. Wall Street had anticipated $252.39M and $0.58, respectively. For comparison, there was a revenue of $249M and EPS of $0.58 in the March 2016 period.
INC Research Holdings, Inc. (NASDAQ:INCR) Analyst Insights
The buoyancy in the outlook of INC Research Holdings, Inc. (INCR) is getting weaker by the somewhat negative sentiment (2.10 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform. Credit Suisse has been covering shares of INCR, so it is most recent view is worth a look. In a research note issued on May 03, 2016, analysts at downgraded the stock to Neutral from Outperform. Another noteworthy analyst activity was recorded on Feb 12, 2015. Robert W. Baird Analysts lifted the stock to Outperform from Neutral.