Earnings Preview: Sandvik
Portfolio Pulse from Benzinga Insights
Sandvik (OTC:SDVKY) is set to release its quarterly earnings report on Monday, 2023-10-23, with an estimated EPS of $0.29. Last quarter, the company beat EPS by $0.03, which was followed by a 1.3% drop in the share price. Shares of Sandvik were trading at $17.15 as of October 19, with a 52-week increase of 8.21%.
October 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
Sandvik's upcoming earnings report could impact its stock price. Last quarter's EPS beat led to a 1.3% share price drop. The stock has seen a 52-week increase of 8.21%.
The upcoming earnings report is a significant event for Sandvik. The company's past performance shows that even when it beats EPS estimates, the stock price can drop, as it did last quarter. However, the stock has been performing well over the past 52 weeks, which could indicate investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100