Diamondback Energy Earnings Preview
Portfolio Pulse from Benzinga Insights
Diamondback Energy (NASDAQ:FANG) is set to release its quarterly earnings report on July 31, 2023. Analysts estimate an EPS of $3.92. The company's past performance shows a pattern of share price changes following earnings reports. The last quarter saw a miss in EPS by $0.23, resulting in a 4.85% drop in share price. The company's shares were trading at $144.35 as of July 27, with a 13.97% increase over the last 52-week period.
July 28, 2023 | 2:01 pm
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NEUTRAL IMPACT
Diamondback Energy's upcoming earnings report could impact its stock price. The company's past earnings performance shows a correlation with share price changes. Last quarter's EPS miss led to a 4.85% drop in share price.
The upcoming earnings report is a significant event for Diamondback Energy. The company's past performance shows that its earnings reports can have a substantial impact on its share price. Last quarter, the company missed its EPS estimate, which led to a 4.85% drop in its share price. Therefore, the upcoming earnings report could potentially have a similar impact, depending on whether the company meets, exceeds, or falls short of analysts' expectations.
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