Earnings Preview: Infosys
Portfolio Pulse from Benzinga Insights
Infosys (NYSE:INFY) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.18. Last quarter, the company missed EPS by $0.01, which led to a 0.49% increase in the share price the next day. Infosys shares were trading at $17.85 as of October 10, and over the last 52-week period, shares are down 2.3%.
October 11, 2023 | 2:00 pm
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Infosys is expected to report an EPS of $0.18 in its upcoming earnings report. The company's stock price increased by 0.49% the day after it missed EPS estimates last quarter.
The upcoming earnings report is a significant event for Infosys. Given that the company's stock price increased after it missed EPS estimates last quarter, it's possible that the market has already priced in the expected EPS of $0.18. Therefore, the short-term impact on the stock price is uncertain and could depend on whether the company beats or misses the estimate, as well as the guidance it provides for future quarters.
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RELEVANCE 100