Trading Desk: Watching the Numbers for Dana Incorporated (NYSE:DAN)

Many investors will be carefully reviewing company earnings results when they are released to the public. They will most likely be keeping a close eye on how the actual results stack up to Wall Street analyst estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is resting at 0.92 for shares of Dana Incorporated (NYSE:DAN). The number consists of projections offered by 4 contributing analysts. For the last quarter, the company posted a quarterly EPS of 0.71.

Although the investing process is fairly straightforward, securing consistent returns in the stock market is not easy. Throwing hard earned money at un-researched investments can eventually lead the investor down the road to ruin. Every individual investor may have different goals when starting out. Aligning these goals with a specific plan can create a solid foundation for the future. Nobody can predict what the future will hold, but being aware of market conditions can be a great asset when attempting to navigate the terrain while mitigating risk. Once the vision of the individual investor is clear, the road to sustaining profits may be much easier to travel.

Shifting the focus to some possible support and resistance levels on shares of Dana Incorporated (NYSE:DAN), we note that the 52-week high is currently $26.73, and the 52-week low is currently $12.98. When shares are trading near to the 52-week high or 52-week low, investors may be watching for a break through either level. Investors may also be watching historical price action. Over the past 12 weeks, the stock has moved 18.79%. Going back to the start of the year, we can see that shares have moved 41.45%. Over the last 4 weeks, shares have seen a change of 2.12%. Over the last 5 trading days, the stock has moved 9.61%. Checking in on recent session activity, we have seen that the stock has been trading near the $19.28 mark.

Looking further at shares of Dana Incorporated (NYSE:DAN), we have noticed that the current consensus target price is $23.22. Wall Street analysts have the ability to create price target estimates for where they think the stock will be moving in the near-term. Because price target projections can differ from one analyst to the next, they may span a wide range of values. Many investors will closely track target prices, and they tend to pay extra close attention when analysts make revisions to those targets.

Wall Street analysts often give buy/sell/hold ratings for the companies that they track. Investors have the ability to view these sell-side ratings in order to help with their own stock research. Analyst ratings may have different interpretations. According to analysts polled by Zacks Research, the current average broker rating on shares of Dana Incorporated (NYSE:DAN) is 1.9. This rating uses a scale between 1 and 5. Following this scale, a rating of 1 would represent a Strong Buy, and a rating of 5 would indicate a Strong Sell recommendation. Out of all these analysts offering ratings, 6 have rated the stock a Strong Buy or Buy, according to Zacks Research.

As company earnings reports continue to roll in, investors will be watching to see which companies hit their numbers for the last reporting period. Investors will also be watching which sectors are reporting the best earnings numbers. A positive overall earnings season could mean that the stock market could keep climbing. Many investors may be cautious with the market trading at current levels. Even though the gloom and doom prognosticators are out in full force, investors have to do the research and decide for themselves which way they believe the market will move in the next couple of months.