Earnings from Core Laboratories N.V. [CLB] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
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CLB Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.13 per share on revenue of $110.7M. Taking a look at the future, the company is projected to report revenue of $117.66M at an earnings per share of $0.19 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 11.90% in revenue and 51.90% in earnings per share for the company.
CLB Stock Earnings Forecast For The Current Year
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For the full financial year, Core Laboratories N.V. [NYSE:CLB] is forecasted to generate revenue of $479.8M. The figure is about $-7.47 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.84 in 2021, which is $0.05 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 6.30% this year, 52.40% next year, and 37.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -1.50% in current fiscal year and 11.90% over following year.
CLB Stock Price Performance
At recent check today, Core Laboratories N.V. [NYSE:CLB] finished up 2.44% at $26.84. The stock’s day high price was $27.35, and its lowest was $25.57. Its price fall -4.20% in the last five days. Since the beginning of the year, Core Laboratories N.V.’s shares are down nearly -1.17%. However, the share price is -36.07% below its one year high. The top price reached by the shares of the company was $41.99 on 03/11/21, while the 52-week low came on 04/20/21, when the shares were $25.57. In the past year, shares of the company have risen 119.06%. At 50 days, the moving average achieved is $32.58 while at 200 days, the moving average is $25.29. There were 0.11 million shares traded in the last session, down from 0.31 million in the previous session.
Core Laboratories N.V. [NYSE:CLB] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.49 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.14 for the industry, which means CLB offers an unattractive investment opportunity than its competitors do.
CLB Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 26.87 level, and the violation of this level will cause a further drop to 25.40 level. At the upper end, 28.96 remains a key resistance. As the stock increases, it may find resistance at 28.15. In the 14-day chart, the Relative Strength Index standing at 37.51 suggests a technical neutral stance while the MACD standing at -0.95 indicates price will decrease in the next trading period. Stochastic %K at 23.05% suggests holding the stock while Percent R indicator at 72.36% suggests bearish price movement.
How much is the short interest in Core Laboratories N.V.?
There have been a drop in short interest in the Core Laboratories N.V. Financial stock, with short interest down by -0.82 million shares to 4.33 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 3.51 million shares. This 18.94% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 7.61% of the overall float in the stock, while the stock’s days to cover moved to 6.21.
How do analysts view Core Laboratories N.V.?
In regard to the share price forecast for Core Laboratories N.V. stock, the analysts, as surveyed by FactSet, forecast the price to reach $32.00 in the next twelve months, representing almost an 16.13% growth from its recent price of $26.84. Among Core Laboratories N.V. stock projections, $44.00 is the highest analyst target for the stock, while $18.00 is the lowest. Despite this, 13 analysts who share their consensus rating for CLB in 2021 agree that the stock is a Hold. The latest rating change took place on 3/25/21, when Morgan Stanley Ratings launched coverage of the stock at “Overweight” and assigned a price target of $38.0.