Preview: Camtek's Earnings
Portfolio Pulse from Benzinga Insights
Camtek (NASDAQ:CAMT) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts expecting an EPS of $0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Camtek's stock price has reacted negatively the day after earnings beats, with drops ranging from -0.41% to -1.84% in the past four quarters. Shares are currently trading at $64.29, up 147.63% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
November 13, 2023 | 2:01 pm
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NEGATIVE IMPACT
Camtek is expected to report an EPS of $0.48 for the upcoming earnings, with a focus on guidance for future quarters. Historical data shows a negative stock price reaction post-earnings, despite long-term bullish sentiment.
Given the historical negative reaction to earnings reports, even when beating estimates, there is a likelihood of a short-term negative impact on CAMT's stock price. However, the long-term bullish trend may mitigate the impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100