Wall Street analysts on the sell-side are anticipating that Central Valley Community Bancorp (NASDAQ:CVCY) will report earnings of $0.28 per share when the company issues their quarterly report today. This is the consensus earnings per share number according to data from Zack’s Research.
Most recently Central Valley Community Bancorp (NASDAQ:CVCY) reported a surprise factor of 25%. The actual number was $0.07 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.
Projected Stock Movement
Research analysts covering shares of Central Valley Community Bancorp (NASDAQ:CVCY) are anticipating on a consensus basis that the stock will reach $23.5 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $24 target on the stock. On the other end, the most conservative has a short term target of $23. This is based on the 2 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-05-02.
Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Central Valley Community Bancorp (NASDAQ:CVCY) currently has an ABR of 3 heading into today’s announcement. This number is also based on the 2 sell-side firms polled by Zacks.
Investors may be trying to define which trends will prevail in the second half of the year. As the markets continue to chug along, investors may be trying to maximize gains and become better positioned for success. Technical analysts may be studying different historical price and volume data in order to help uncover where the momentum is headed. Coming up with a solid strategy may take some time, but it might be well worth it in the long run. As we move deeper into the year, investors will be closely tracking the next few earnings periods. They may be trying to project which companies will post positive surprises.
This article is informational purposes only and should not be considered a recommendation to buy or sell Central Valley Community Bancorp.