Will Chart Analysts Notice Bad Omen on Alcon’s Chart
If history is any guide, there may be trouble ahead for shares of Alcon (NYSE:ALC). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Earnings Scheduled For February 28, 2022
Companies Reporting Before The Bell
• Lexicon Pharmaceuticals (NASDAQ:LXRX) is estimated to report earnings for its fourth quarter.
Credit Suisse Maintains Outperform on Alcon, Raises Price Target to $96
Credit Suisse analyst Matt Miksic maintains Alcon (NYSE:ALC) with a Outperform and raises the price target from $93 to $96.
Alcon: Q4 Earnings Insights
Alcon (NYSE:ALC) reported its Q4 earnings results on Tuesday, February 15, 2022 at 04:30 PM.
Here's what investors need to know about the announcement.
Earnings
Alcon beat estimated earnings by 14.29%, reporting an EPS of $0.56 versus an estimate of $0.49.
Alcon Q4 Adj. EPS $0.56 Beats $0.49 Estimate, Sales $2.13B Beat $2.04B Estimate
Alcon (NYSE:ALC) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.49 by 14.29 percent. This is a 36.59 percent increase over earnings of $0.41 per share from the same period
Analyst Ratings For Alcon
Alcon (NYSE:ALC) has observed the following analyst ratings within the last quarter:
Morgan Stanley Downgrades Alcon to Equal-Weight, Announces $95 Price Target
Morgan Stanley analyst Cecilia Furlong downgrades Alcon (NYSE:ALC) from Overweight to Equal-Weight and announces $95 price target.
Earnings Scheduled For November 9, 2021
Companies Reporting Before The Bell
• Imara (NASDAQ:IMRA) is projected to report earnings for its third quarter.
• KT (NYSE:KT) is projected to report earnings for its third quarter.