yesterday, $CARA Can Cara Therapeutics, Inc. (NAS
Post# of 22755
Can Cara Therapeutics, Inc. (NASDAQ:CARA) Meet Analysts Expectations?
The research entity Zacks released its research report on Cara Therapeutics, Inc. (NASDAQ:CARA) as per which its stock can move to hit $34 in the approaching fiscal. Zacks polled 4 several brokerages and thereafter released an estimated price target of $28.75 on the stock. These brokerages have fixed the 12-month price targets, and the bearish price target is set at $25.
The brokerages apply individual rating process to compile research reports. Some firms assign sell; some buy while some put hold ratings. On the other hand, Zacks practice a different mechanism wherein, it analyzes the different analysts views, calculate the mean and place a rating on a ‘1-5’ scale. Such kind of rating is named as the ‘Average Brokerage Recommendation’. Investors are positive on the stock when ABR is ‘1’ while they are bearish on the stocks with ABR of ‘5’. Cara Therapeutics, Inc. (NASDAQ:CARA) has a rating of 1.
Here it is imperative to mention that there are various parameters applied for obtaining a stock rating. One of the prime factors analyzed is firm’s fiscal report. It chiefly directs the stock’s price direction. For the quarter completed on 2015-09-30, Cara Therapeutics, Inc. (NASDAQ:CARA) posted EPS of $-0.33. The earnings were $0.03 below than the predicted numbers by Zacks, highlighting an unexpected difference of 13.64%.
For the impending three-month period, the street is predicting the firm to register EPS of $-0.33, representing views of 4 brokerages.
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