Earnings Preview: OneConnect Financial Tech
Portfolio Pulse from Benzinga Insights
OneConnect Financial Tech (NYSE:OCFT) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with an estimated EPS of $-0.01. Investors are looking for an earnings beat and positive guidance for the next quarter. The stock's performance has been negative over the last 52 weeks, with a 60.57% decline. Past earnings have shown mixed results with both misses and beats, and varied stock price reactions.
November 10, 2023 | 5:01 pm
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NEUTRAL IMPACT
OneConnect Financial Tech is expected to report an EPS of $-0.01 for the latest quarter. Historical performance shows mixed reactions to earnings reports. The stock has significantly declined over the past year.
The estimated EPS of $-0.01 sets a low bar for OneConnect Financial Tech, which could lead to a neutral short-term impact if met. Historical data shows that the stock price can react variably to earnings reports. The long-term negative trend may temper any positive reaction unless the company provides strong future guidance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100