Cabot Earnings Preview
Portfolio Pulse from Benzinga Insights
Cabot (NYSE:CBT) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $1.56. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $69.48, down 3.84% over the last 52-week period.
August 04, 2023 | 3:33 pm
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Cabot's upcoming earnings report could potentially impact its stock price. Past performance shows a trend of share price drops following earnings beats.
Cabot's stock price has shown a trend of dropping following earnings beats. Given that analysts expect an EPS of $1.56 for the upcoming report, if the company beats this estimate, it could potentially lead to a drop in the stock price based on past trends. Additionally, the stock has been on a downward trend over the last 52-week period, which could add to investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100