Southwest Gas Hldgs's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Southwest Gas Hldgs (NYSE:SWX) is set to release its latest quarterly earnings report on Wednesday, 2023-11-08. Analysts estimate an earnings per share (EPS) of $-0.22. Last quarter, the company beat EPS by $0.27, which was followed by a 2.4% drop in the share price the next day.
November 07, 2023 | 5:01 pm
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NEUTRAL IMPACT
Southwest Gas Hldgs is expected to report an EPS of $-0.22 in its upcoming earnings report. The company's share price dropped 2.4% the day after it beat EPS estimates last quarter.
The upcoming earnings report is highly relevant to SWX as it directly pertains to the company's financial performance. The estimated EPS of $-0.22 will be a key figure that investors will be watching. However, as seen in the last quarter, even an EPS beat does not guarantee a positive reaction in the stock price, which dropped 2.4% the day after the earnings beat. Therefore, the short-term impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100