When monitoring analyst ratings, investors can use the average brokerage recommendation score to determine the consensus view on the stock. The ABR is an average of the recommendations offered by research firms on a given equity. The ABR rank is displayed in the range of 1 to 5 where 1 indicates a Strong Buy and a rating of 5 represents a Strong Sell. While tracking shares of Harmonic Inc. (NASDAQ:HLIT), we have noted that the current average broker rating is currently 1.83. Going further, we can see that 5 Wall Street analysts have given the stock a Strong Buy or Buy rating, based on analysts polled by Zacks Research.
Investors will most likely be looking ahead to the next round of company earnings reports. As the reports come in, all eyes will be on the companies that post wide margin earnings beats or misses. Many investors will be closely tracking which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely odd is occurring after crunching the numbers.
Shifting gears, we can see that the current quarter EPS consensus estimate for Harmonic Inc. (NASDAQ:HLIT) is 0.22. This EPS estimate is using 5 sell-side analysts polled by Zacks Research. For the prior reporting period, the company posted a quarterly EPS of -0.04. As we move through earnings season, all eyes will be on the company to see if they can beat analyst estimates and show improvement from the last quarter. When a company reports actual earnings numbers, the surprise factor can cause a stock price to realize increased activity. Investors and analysts will be closely watching to see how the earnings results impact the stock after the next release. Many investors will decide to be cautious around earnings releases and delay buy/sell moves until after the stock price has steadied.
Viewing some popular support and resistance marks on shares of Harmonic Inc. (NASDAQ:HLIT), we can see that the 52-week high is presently $7.97, and the 52-week low is currently $4.52. When the stock is trading near the 52-week high or 52-week low, investors may be on the lookout for a potential break through the level. Looking at recent action, we can see that the stock has been trading near the $6.88 level. Investors may also want to track historical price activity. Over the past 12 weeks, the stock has changed 25.78%. Looking further back to the beginning of the calendar year, we note that shares have moved 45.76%. Over the previous 4 weeks, shares have seen a change of -13.57%. Over the last 5 trading sessions, the stock has moved -5.23%. Investors will be monitoring stock activity over the next few days to try and gauge which way the momentum is shifting.
When dealing with the stock market, investors have to be constantly on their toes. Investors who have had success in the past using a certain method for stock picking may eventually realize that the method no longer produces the same results as it once did. Expecting that the market environment will change and being able to react to those changes can greatly help the investor when the time comes. While investor confidence can be a positive thing, complacency can lead to future frustration and poor portfolio performance. Seasoned investors know that no bull market will last forever just as no bear market will last forever. Being prepared for any situation can greatly help the investor navigate the market when changes do occur.