Earnings Outlook For Cactus
Portfolio Pulse from Benzinga Insights
Cactus (NYSE:WHD) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $0.69. The company's previous quarter saw an EPS beat by $0.08, followed by a 2.94% drop in share price. Cactus shares were trading at $51.73 as of August 3, with a 31.2% increase over the last 52-week period.
August 04, 2023 | 3:35 pm
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Cactus is expected to report an EPS of $0.69 in its upcoming earnings. The company's stock price dropped 2.94% after beating EPS estimates last quarter. The stock has seen a 31.2% increase over the last 52 weeks.
Cactus's upcoming earnings report is highly relevant to its stock price. The company's previous earnings beat was followed by a drop in share price, indicating that investors may be focusing more on the company's guidance than its earnings. However, the stock has performed well over the past year, which could provide some buffer against negative reactions to the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100