All eyes will be on Western Refining, Inc. (NYSE:WNR) when it issues quarterly report, which can come later this afternoon. Leading analysts, on a consensus basis, are anticipating EPS of $0.41 for the quarter.
In an efficient market, equity prices would be determined principally by fundamentals, which, at the primary level, refer to two things. The first is an earnings base, preferably earnings per share and secondly a valuation multiple. People who hold common stock have a claim on profits, and therefore per-share earnings is the actual return on investment.
Last quarter surprise factor was 41.18 in reported earnings. Before the report, the standard deviation for EPS predictions was 0.06. Consensus short-term price target for Western Refining, Inc. (NYSE:WNR) is currently at $27.8.
There are 5 calls taken for average target. The bearish price target is $21 forecasted for this year. While the bullish target finds the stock to touch $32 in coming year. Western Refining, Inc. (NYSE:WNR) has an ABR of 3 on 1-5 scale.
Rating of 1 implies strong buy and hold rating is derived from 3. This number is result of 5 recommendations averaged in Zacks Research. For a quarter earlier, the stock rating was 3. Rating alone don’t impacts the stock prices. Sometimes it is also economic strength of peers and market. Company shares tend to trend with the market, their sector and industry peers.
Some noticeable investment companies argue that the grouping of overall market and sector actions – as opposed to a firm’s individual performance – defines a majority of an equity’s movement. There has been study cited that recommends the market/economic elements account for 90%. For instance, a suddenly negative viewpoint for one retail equity often hurts other retail equities as guilt by association slogs demand for the whole segment.