Earnings Outlook For APA
Portfolio Pulse from Benzinga Insights
APA (NASDAQ:APA) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $0.66. Last quarter, the company beat EPS by $0.16, which was followed by a 5.59% drop in the share price. Shares of APA were trading at $40.49 as of July 31, with a 14.61% increase over the last 52-week period.
August 04, 2023 | 9:35 am
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APA is expected to report an EPS of $0.66 for the upcoming quarter. The company's stock price dropped 5.59% after beating EPS estimates last quarter. The stock has seen a 14.61% increase over the past year.
The upcoming earnings report is highly relevant to APA's stock price. Last quarter, despite beating EPS estimates, the stock price dropped, indicating that investor expectations may not align with the company's performance. However, the stock has seen a positive trend over the past year, which could indicate investor confidence in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100