KNTNF Valuation (ie price) by Nov 15 End of DayK92 will report earnings tomorrow morning Nov 14 before the bell.
I noted that both MarketWatch and TipRanks have increased their
median eps estimate as +$0.17... up from $0.12 last month and
$0.08 two months ago.... kntnf before today's open now at $5.99.
Obviously, price is a function of earnings (eps) and the P/E ratio.
EPS is a fixed parameter which will be known tomorrow.
P/E ratio is a market dependent parameter... ie it doesn't matter
what I think the P/E ratio should be but what does that market think.
Right now that ratio is around 50.
Of course the p/e is based on trailing twelve month data which now is
$0.12 (+0.03 + 0.01 +0.08 +0.00)... but the 0.00 value will be replaced
tomorrow morning. So, even if the eps number tomorrow is $0.12 (not 0.17)
the ttm eps=$0.24.
So the price would be $9.60 but current p=$5.99... seems like either we're
going to see a huge spike in price after the conference call thru Friday
OR there is something we don't know about the earnings.
Why isn't the price moving if these analast eps estimates are correct?
Are the AISC costs higher than expected or other??
Should be an interesting conference call tomorrow.