Analyst Ratings for Empire District Electric Co (EDE)Updated: 2016-08-26
A number of analysts gave price targets for EDE. The highest price target was 34, which equates to a potential upside of 0.15 percent. The lowest price target was 34, implying a possible loss of 0.15 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.34 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.69 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
EDE has an estimated earnings growth rate of 10.54 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of EDE is 2.42.
In the last 52-weeks, EDE has achieved a high of 34.04 and a low of 20.69. Currently the stock is 64.09 percent higher than its low, and 0.26 percent lower than its 52-week high. EDE has a P/E ratio of 25.49. Investors typically compare the P/E ratio to a company's peers in the industry. The EDE value stock report compares EDE to some of its peers using value stock charts. The market cap of EDE is $1.5 billion. EDE is estimated to release their earnings results for the quarter on 2016-10-27, days from today.