Brokerage Expectations in Focus for QEP Resources, Inc. (NYSE:QEP), NetApp, Inc. (NASDAQ:NTAP)

QEP Resources, Inc. (NYSE:QEP) shares have a current ABR (average broker recommendation) of 1.47. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of QEP Resources, Inc. (NYSE:QEP). The highest current target is $33. The lowest price target out of the polled analysts is presently $13. The consensus target price is currently noted at $21.125. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, QEP Resources, Inc. (NYSE:QEP) is expected to post quarterly earnings per share of $-0.21. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-07-26. QEP Resources, Inc. (NYSE:QEP) most recently reported quarterly EPS of $-0.14 for the quarter ending 2017-03-31. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 33.33%.

For the current quarter, analysts are expecting NetApp, Inc. (NASDAQ:NTAP) to report EPS of $0.68. This consensus estimate is provided by Zacks Research. After the period that ended on 2017-01-31, NetApp, Inc. (NASDAQ:NTAP) reported an EPS actual of $0.72. The difference between the actual and estimate resulted in a surprise factor of 22.03%. The company is expected to release their next earnings report on or around 2017-05-24. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of NetApp, Inc. (NASDAQ:NTAP) have a current ABR or average broker rating of 2.74. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of NetApp, Inc. (NASDAQ:NTAP) is $43.923. The top analyst target is $62, and the lowest target is $25 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.

Leave a Comment