Encore Wire's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Encore Wire (NASDAQ:WIRE) is set to release its quarterly earnings report on Tuesday, 2023-07-25, with an estimated EPS of $6.48. Last quarter, the company beat EPS by $0.75, which led to a 9.91% drop in the share price the next day. Over the last 52-week period, shares are up 33.44%.
July 24, 2023 | 3:03 pm
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NEUTRAL IMPACT
Encore Wire's upcoming earnings report could impact its stock price. Last quarter's EPS beat led to a 9.91% drop in share price.
Encore Wire's earnings report is a significant event that could influence its stock price. Last quarter, despite beating EPS estimates, the company's share price dropped by 9.91%. This suggests that investors' reactions to earnings reports are not always predictable and can be influenced by factors other than the earnings themselves, such as the company's future guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100