Preview: HDFC Bank's Earnings
Portfolio Pulse from Benzinga Insights
HDFC Bank (NYSE:HDB) is set to release its quarterly earnings report on Monday, 2023-10-16, with analysts estimating an EPS of $0.45. The bank's stock performance has been generally negative over the last 52-week period, with shares down 2.35%. Investors will be looking for not only an earnings beat but also positive guidance for the next quarter.
October 13, 2023 | 2:00 pm
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NEUTRAL IMPACT
HDFC Bank's upcoming earnings report and its guidance for the next quarter could impact its stock price. The bank's shares have been down 2.35% over the last 52 weeks.
The upcoming earnings report is a significant event for HDFC Bank. If the bank beats the estimated EPS of $0.45 and provides positive guidance for the next quarter, it could positively impact the stock price. However, the bank's shares have been down over the past year, indicating a bearish sentiment among long-term shareholders.
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IMPORTANCE 80
RELEVANCE 100