Preview: Ritchie Bros Auctioneers's Earnings
Portfolio Pulse from Benzinga Insights
Ritchie Bros Auctioneers (NYSE:RBA) is set to release its quarterly earnings report on August 3, 2023. Analysts estimate an EPS of $0.77. The company's past performance shows a trend of share price drops following earnings beats. The stock is currently trading at $64.96, down 19.94% over the last 52-week period.
August 04, 2023 | 11:24 am
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Ritchie Bros Auctioneers is expected to report an EPS of $0.77 in its upcoming earnings. The company's stock has a history of falling after earnings beats, and it's down nearly 20% over the past year.
Ritchie Bros Auctioneers has a history of its stock price falling after beating earnings estimates. Given this trend and the fact that the stock is down nearly 20% over the past year, it's likely that the stock will experience a short-term negative impact following the earnings announcement.
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IMPORTANCE 80
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