Banner's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Banner (NASDAQ:BANR) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.55. Last quarter, the company beat EPS by $0.21, which was followed by a 2.03% drop in the share price. Shares of Banner were trading at $47.14 as of July 17, and over the last 52-week period, shares are down 19.83%.
July 18, 2023 | 4:02 pm
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Banner is expected to report an EPS of $1.55 in its upcoming earnings. The company's stock price dropped 2.03% after beating EPS estimates last quarter. The stock has been down 19.83% over the past year.
The upcoming earnings report is a significant event for Banner. Given the stock's negative reaction to the previous earnings beat and the overall negative return over the past year, the short-term impact on the stock price is likely to be negative, especially if the company fails to meet or exceed the EPS estimate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100