Canon (CAJ) Gains But Lags Market: What You Should Know

Canon (CAJ) Gains But Lags Market: What You Should Know
This story originally appeared on Zacks

Canon (CAJ) closed at $25.07 in the latest trading session, marking a +0.44% move from the prior day. This change lagged the S&P 500’s 0.62% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.

Canon (CAJ) Gains But Lags Market: What You Should Know – Zacks

Prior to today’s trading, shares of the office machine company had gained 9.96% over the past month. This has outpaced the Computer and Technology sector’s gain of 0.29% and the S&P 500’s gain of 0.87% in that time.

Canon will be looking to display strength as it nears its next earnings release. In that report, analysts expect Canon to post earnings of $0.42 per share. This would mark a year-over-year decline of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $9.26 billion, down 2.45% from the prior-year quarter.

Looking at the full…

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