With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. The 52-week range on ERO shows that it touched its highest point at $23.53 and its lowest point at $9.30 during that stretch. It currently has a 1-year price target of $18.57. Beta for the stock currently stands at 1.28.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ERO was up-trending over the past week, with a rise of 1.32%, but this was up by 16.06% over a month. Three-month performance surged to 7.73% while six-month performance fell -12.16%. The stock lost -42.31% in the past year, while it has gained 2.37% so far this year. A look at the trailing 12-month EPS for ERO yields 0.18 with Next year EPS estimates of 2.85. For the next quarter, that number is 0.48. This implies an EPS growth rate of 166.67% for this year and 36.90% for next year.
Float and Shares Shorts:
At present, 103.57 million ERO shares are outstanding with a float of 94.46 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ERO since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.08382 being high and $0.59956 being low. For ERO, this leads to a yearly average estimate of $0.81479. Based on analyst estimates, the high estimate for the next quarter is $0.72 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.59.
