Earnings Outlook For Alamo Group
Portfolio Pulse from Benzinga Insights
Alamo Group (NYSE:ALG) is set to release its latest quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $2.67. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.02, resulting in a 6.86% drop in share price. Alamo Group's shares were trading at $160.3 as of October 31, with a 52-week increase of 5.21%.
November 01, 2023 | 9:01 pm
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NEUTRAL IMPACT
Alamo Group's upcoming earnings report could impact its stock price. Last quarter's EPS miss led to a 6.86% drop in share price. The company's shares are currently trading at $160.3, with a 52-week increase of 5.21%.
Alamo Group's stock price has shown to be sensitive to its earnings reports. Last quarter, the company missed its EPS estimate, which led to a significant drop in its share price. Given this pattern, the upcoming earnings report could have a similar impact, especially if the company misses its EPS estimate again. However, the company's shares have been generally positive over the last 52 weeks, which could indicate investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100