Stock Ratings / Health Care / CTNM / earnings

EBS (48) CAPR (34) SPRY (20) GALT (37) ⌘ Pro Terminal →

Contineum Therapeutics Inc. (Class A) (CTNM) Next Earnings Date & Expected ±12.5% Move

$9.39 +0.64% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $9.38

Contineum Therapeutics Inc. (Class A) (CTNM) carries a Roarable Rating of E (Strong Sell) with 28/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (28/100 · E) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE E • RED ALERT Cap $353.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on CTNM Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is CTNM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Contineum Therapeutics Inc. (Class A) (NASDAQ: CTNM) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 28/100 at a spot price of $9.39 (+0.64% 1D, market cap $353.3M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 6/20, and SEC Balance-Sheet Forensics 3/20. Across 1016 tracked Health Care issuers, CTNM ranks #859 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does CTNM compare to EBS and CAPR in the Health Care sector?

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Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), CTNM carries a Roarable E (28/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -29.0%. By comparison, EBS (Emergent BioSolutions Inc.) holds a D grade (48/100 RQD, P/E 7.0x, ROIC 8.9%, cap $349.2M) and CAPR (Capricor Therapeutics Inc.) posts a E grade (34/100 RQD, P/E N/A, ROIC -35.0%, cap $370.9M). Among the 5-stock peer group, EBS leads on earnings multiple (7.0x) while EBS leads on capital efficiency (8.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CTNM?

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Per CTNM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001855175), Contineum Therapeutics Inc. (Class A) generated $0 in revenue, -$60.0M in net income, and -$55.5M in free cash flow against $276.6M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Health Care with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $9.38 (-0.07%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (28/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-10.0% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-13.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for CTNM)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (28/100 Composite)

🔍 WHY CTNM SCORES 28/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (36% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 2/9

▲ #2 Bullish Driver: Cash Engine Quality+6/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$8.42+0.5% Next Q

Q2 (-2Q)

Grade E$8.46+6.3% Next Q

Q3 (-1Q)

Grade E$8.99+4.4% Next Q

Current

Grade E$9.39-10% Hist 90D α

Trajectory: E (20) → E (28)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a CTNM Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While CTNM currently carries a cautious 28/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Health Care with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($12.40) and Max Pain ($9.86) forces dealer call-delta covering toward $18.67.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CTNM• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “CTNM Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 28%NO 72%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 30, 2026 (~57 DAYS)

Historical OHLCV Volatility ±12.5% Swing Band

±$1.17 Expected Swing

MODEL EARNINGS SETUP GAUGE

CTNM Quantitative Pre-Earnings Setup: 28/100

Trailing EPS: $4.25 • YoY Revenue Growth: 12.4%

Model Bullish Setup (28/100)Model Risk Weight (72/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-12-31	$0	-$60.0M	-$55.5M	52%
FY 2024	2024-12-31	$0	-$42.3M	-$33.4M	52%
FY 2023	2023-12-31	$50.0M	$22.7M	$19.3M	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CTNM)

✓Walkthrough of CTNM's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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CTNM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -33.64%📐 HORIZONTAL RANGE

2026-11-03O $9.33H $9.39L $9.33C $9.39VOL 458.6K

RES: $18.57SUP: $5.59SMA50: $12.40SMA200: $13.53

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CTNM Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 CTNM Butterfly Map → + Track CTNM →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on CTNM today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for CTNM. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for CTNM today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CTNM)

Health Care Rank #859 of 1016 ⚔️ EBS vs CTNM Full Matrix →

1. Head-to-Head Health Care Peer Comparison (CTNM vs. EBS, CAPR, SPRY, GALT)

Industry: Biotechnology: Pharmaceutical Preparations (489 Tracked Issuers)

Across 1016 tracked Health Care securities in the Roarable RQD universe, Contineum Therapeutics Inc. (Class A) (CTNM) ranks #859 by composite RQD confidence (28/100, grade E) and #495 by equity capitalization ($353.3M). Within this direct 5-issuer industry benchmark cohort, EBS leads on earnings valuation at 7.0x trailing P/E, while EBS leads on capital efficiency and profitability with 8.9% ROIC and 56.1% gross margin. EBS currently holds the highest overall quantitative score in the immediate peer group at 48/100 (D) compared with CTNM at 28/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
CTNM ACTIVE Contineum Therapeutics Inc. (Class A)	E	28/100	—	—	-29.0%	+0.64%	$353.3M	Benchmark Subject
EBS Emergent BioSolutions Inc.	D	48/100	7.0x	56.1%	8.9%	-5.68%	$349.2M	/ebs-vs-ctnm →
CAPR Capricor Therapeutics Inc.	E	34/100	—	—	-35.0%	-3.77%	$370.9M	/capr-vs-ctnm →
SPRY ARS Pharmaceuticals Inc.	E	20/100	—	—	-35.0%	-7.65%	$336.1M	/spry-vs-ctnm →
GALT Galectin Therapeutics Inc.	D-	37/100	—	—	-35.0%	-5.68%	$335.6M	/galt-vs-ctnm →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001855175

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Contineum Therapeutics Inc. (Class A) (CTNM) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 , and -100.0% cumulative change since FY2023) , GAAP net income of -$60.0M, operating cash flow of -$55.3M, and free cash flow of -$55.5M (-66.5% YoY). On the balance sheet, CTNM closed FY2025 with $276.6M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	-$60.0M	-$55.3M	-$55.5M	$276.6M	—
FY2024 (FY)	2024-12-31	$0	-$42.3M	-$32.8M	-$33.4M	$212.8M	—
FY2023 (FY)	2023-12-31	$50.0M	$22.7M	$19.3M	$19.3M	—	—

3. CTNM Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CTNM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does CTNM compare to EBS and CAPR in the Health Care sector?

What are the biggest fundamental strengths and SEC risk factors for CTNM?

Where is CTNM trading relative to its 50-day, 200-day, and 52-week technical levels?

CTNM last traded at $9.39 (+0.64% on volume of 458,631 shares), positioning the stock -24.27% below its 50-day simple moving average ($12.40) and -30.60% below its 200-day simple moving average ($13.53). Across its 52-week range of $6.72 to $17.78, CTNM sits at the 24.1% percentile with a 14-day RSI of 43.2 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($8.22 to $10.56).

CTNM Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is CTNM's next earnings date?

Based on SEC filing cadence, Contineum Therapeutics Inc. (Class A) (CTNM)'s next quarterly reporting window is estimated around Dec 30, 2026.

How much is CTNM stock expected to move on earnings?

Volatility modeling currently projects a ±12.5% event move for CTNM, spanning a range between $8.22 and $10.56.

Direct Sub-Reports: CTNM RQD Cockpit CTNM 12M Forecast CTNM Earnings & Move CTNM Dividends & DRIP CTNM Insiders & 13F CTNM Whale Options CTNM Profit Sankey CTNM News & Why

ROARABLE RATING BRIEF • RQD 28/100 (E) ✓ STAGE-C NUMBER FIREWALL VERIFIED

CTNM — Contineum Therapeutics Inc. (Class A): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:37:56Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, CTNM scores 28 out of 100, graded E: "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

Fundamental Cash Engine: 6 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of -29% and FCF yield of -15.82%. For a prospective investor, this means the business is currently consuming capital rather than generating it, so the equity case depends on future cash flow that the source data does not yet show.
Whale 13F Flow: 3 / 20. Per the Roarable RQD rating, this pillar covers institutional accumulation and options positioning. The holders section contains no data, so the low score cannot be traced to specific filers in the source data.
Insider Conviction: 3 / 20. Per the Roarable RQD rating, this pillar covers SEC Form 4 and Congressional PTR cluster flow. No insider transaction detail is provided in the source data, so the low score lacks visible supporting trades.
Macro Regime Fit: 6 / 20. Per the Roarable RQD rating, beta is 1.0 with sector sensitivity considered. A prospective investor should read this as average market sensitivity without a clear macro tailwind identified in the source data.
Forensic Balance Sheet: 10 / 20. Per the Roarable RQD rating, Altman Z is 2.5, Piotroski F is 2/9, and Debt/Equity is 0.5. These figures sit in a middle-to-weak zone: the Altman figure is not in the distress range, but the Piotroski score is low.

Taken together, the rating frames CTNM as a speculative, cash-consuming biotech where the valuation hinges on pipeline outcomes rather than current earnings. Upside drivers are limited to clinical or partnership catalysts described in the news section; valuation tradeoffs are severe because no earnings multiple can be computed from the source data.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.0M	$-68.1M	$-60.0M	N/A	$-55.5M	$75.6M	N/A
FY 2024	$0.0M	$-50.9M	$-42.3M	N/A	$-33.4M	$21.9M	N/A
FY 2023	$50.0M	$16.1M	$22.7M	N/A	$19.3M	N/A	N/A

Per the SEC financials, the company moved from profitable in FY 2023 to operating losses in FY 2024 and FY 2025, with free cash flow turning negative in both years. Per the market data, gross, operating, and net margins are each 0%, and ROIC is -29%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 2/9; Debt/Equity is 0.5. Reported cash rose to $75.6M in FY 2025 from $21.9M in FY 2024, while the debt line is not available in source data.

Recent Catalysts & News Wire Analysis

Rating upgrade headline (GREEN, CATALYST): A Yahoo Finance item reports a rating upgrade to Buy.
Stock falling Monday (RED, RISK WATCH): A Benzinga item asks why the stock fell on Monday; the cause is not stated in the source data.
Shares surge after Bristol Myers Squibb results (GREEN, CATALYST): A Yahoo Finance item reports a 27% surge after Bristol Myers Squibb reported positive Phase 3 trial results.
Healthcare conference (YELLOW, MARKET WIRE): A Stock Titan item reports a presentation scheduled for Nov. 12 with a webcast replay.
Simply Wall St analysis (GREEN, CATALYST): A Simply Wall St item addresses the company's ability to fund business growth; no figures are given in the source data.
Key depression drug misses trial goal (RED, RISK WATCH): A StocksToTrade item reports the stock sliding after a key depression drug missed its trial goal.

Per the butterfly supply-chain graph, the supply_chain field is NONE, with no butterfly links and no proprietary signals.

Open Questions

What specific trial and partnership details underlie the Bristol Myers Squibb-related catalyst, and how do they affect revenue timing?
What drove the decline on the Monday referenced in the news wire, and is it tied to the depression drug trial miss?
What is the debt balance behind the Debt/Equity of 0.5, and what is the runway given cash of $75.6M against FY 2025 free cash flow of $-55.5M?
Why did reported revenue fall from $50.0M in FY 2023 to $0.0M in FY 2024 and FY 2025?
What is the company's EPS and valuation basis, given that P/E and EV/EBITDA are unavailable?

CTNM Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Contineum Therapeutics Inc. (Class A) (CTNM) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to CTNM Debate Forum (3) ↓

🟢 CATALYST Yahoo Finance • 18h ago

All You Need to Know About Contineum Therapeutics, Inc. (CTNM) Rating Upgrade to Buy

Yahoo Finance report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Benzinga • 21h ago

Why Is Contineum Therapeutics Stock Falling Monday?

Benzinga report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Yahoo Finance • 1d ago

Contineum Therapeutics Shares Surge 27% After Bristol Myers Squibb Reports Positive Phase 3 Trial Results

Yahoo Finance report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

A healthcare conference presentation is scheduled for Nov. 12; a webcast replay will be available.

Stock Titan report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Simply Wall St • 1d ago

We Think Contineum Therapeutics (NASDAQ:CTNM) Can Afford To Drive Business Growth

Simply Wall St report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH StocksToTrade • 1d ago

CTNM Stock Slides As Key Depression Drug Misses Trial Goal

StocksToTrade report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

One adviser reports sole voting power over 1.7M Contineum Therapeutics (CTNM) shares.

Stock Titan report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

A passive stake in Contineum Therapeutics (CTNM) includes 445,000 shares tied to exercisable options.

Stock Titan report covering Contineum Therapeutics Inc. (Class A) (CTNM) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CTNM Bull vs. Bear Conversation Board — What's Your Call at $9.39?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CTNM 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $8.21 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is CTNM (E • RQD 28/100) a Buy at $9.33?

Welcome to the CTNM (Contineum Therapeutics Inc. (Class A)) Roar Pit. Current RQD Composite is 28/100 (Roarable Strong Sell — Forensic Risk / Avoid) in Biotechnology: Pharmaceutical Preparations. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

MU MultipleCompression Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $7.09 (-24.0%)

Spot @ $9.33

Pump the brakes on CTNM — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on CTNM, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless Contineum Therapeutics Inc. (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

SI SiliconVal_Bull Verified K Arena Trader 🐂 BULLISH 🎯 Target: $11.85 (+27.0%)

Spot @ $9.33

CTNM cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on CTNM, the market is fixating on short-term headline noise in Biotechnology: Pharmaceutical Preparations and ignoring the balance sheet and cash flow trajectory. At $9.33 (52-wk range $6.72 - $17.78), any beat on forward guidance forces shorts and underweight funds to chase.