This story originally appeared on Zacks
Canon (CAJ) closed at $23.21 in the latest trading session, marking a -0.47% move from the prior day. This change was narrower than the S&P 500’s 0.72% loss on the day.
Heading into today, shares of the office machine company had gained 3.64% over the past month, outpacing the Computer and Technology sector’s loss of 0.64% and the S&P 500’s gain of 0.11% in that time.
Wall Street will be looking for positivity from Canon as it approaches its next earnings report date. The company is expected to report EPS of $0.42, down 14.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.26 billion, down 2.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.76 per share…