Pricesmart Earnings Preview
Portfolio Pulse from Benzinga Insights
Pricesmart (NASDAQ:PSMT) is set to release its latest quarterly earnings report on July 10, 2023. Analysts estimate an earnings per share (EPS) of $0.85. The company's previous quarter saw an EPS beat by $0.37, resulting in an 11.68% increase in share price the next day. Shares of Pricesmart were trading at $75.29 as of July 06, with a 52-week increase of 3.85%.
July 07, 2023 | 2:00 pm
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NEUTRAL IMPACT
Pricesmart's upcoming earnings report could potentially impact its stock price. The company's previous earnings beat led to a significant increase in its share price.
Pricesmart's stock price has previously shown to be sensitive to its earnings reports. Last quarter, the company beat EPS estimates, which led to an 11.68% increase in its share price the following day. Therefore, the upcoming earnings report could potentially have a similar impact, depending on whether the company meets, exceeds, or falls short of analysts' expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100