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DeVry Education Group Inc. (NYSE:DV) Mean Price Target At $26

Brokerages following DeVry Education Group Inc. (NYSE:DV) have given its shares a mean price target of $26. The price target range varies from $16 to $35. For the current quarter, the forecasted EPS is $0.41. As per the update, for the quarter ending 2016-09-30, the report can come around 2016-10-27. For the period ended 2016-06-30, the firm’s EPS was $0.65

DeVry Education Group Inc. (NYSE:DV) rating score is 2.4 based on 4 stock views. Next year EPS target is $2.54 while the target range is from $2.44 to $2.64.

More often, when a company announces earnings, the market reacts to this news by correcting the firm’s share price. This equity price is dependent on the expectations shareholders have for the company’s earning potential. Financial earnings are an important underlying assessment factor when defining the stock price; they are even an aspect that could change an equity’s price quickly.

If a company releases an earnings report that fails to meet investors’ anticipations, the share price will likely decline.

Another possible description for a report resulting in a sell-off of an equity could be linked to noise traders. These are traders that do not analyze the fundamentals of a firm. Instead, they enter trades based on technical analysis or news. For instance, suppose that ABC has the same results and estimates as above, and its stock faces a sell-off. A noise trader watching the sell-off will follow the market trend and sell holdings. This will result in an even steeper drop in ABC’s stock price.

While there exist many plausible reasons for this kind of phenomenon, the most vital thing for a shareholder to remember is to contemplate more on the long-term growth of a firm.

For the quarter ending on 2016-09-30, the EPS projection is $0.41 In last quarter ended 2016-06-30, EPS was $0.65 suggesting a deviation of 0.04. The brokerages targeted EPS was $0.61 for the quarter. The reported estimates showed a standard deviation of $0.04.

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Source: Devry

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