Investors braced for a bumpy ride ahead of Techne's
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Techne, with four of five rating it a buy and the remainder rating it a hold. Analysts like Techne better than competitor QIAGEN N.V. overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $74.8 million in revenue this quarter. That would represent a rise of 12.2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.78 per share. Estimates range from $0.77 to $0.80.
What our community says:
CAPS All Stars are solidly behind the stock, with 99% giving it an "outperform" rating. The community at large backs the All Stars, with 97.7% awarding it a rating of "outperform." Fools are bullish on Techne, though the message boards have been quiet lately with only 69 posts in the past 30 days. Techne has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Revenue has gone up for three straight quarters.
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