Safe & Green Holdings Earnings Preview
Portfolio Pulse from Benzinga Insights
Safe & Green Holdings (NASDAQ:SGBX) is scheduled to release its quarterly earnings report on November 14, 2023. Analysts predict an EPS of $-0.36. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, SGBX's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates by $0.14, resulting in a 1.33% share price drop the following day. Over the past year, SGBX shares have declined by 19.19%.
November 13, 2023 | 5:01 pm
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NEGATIVE IMPACT
Safe & Green Holdings is expected to report an EPS of $-0.36 for the quarter. Historical data shows that earnings misses have negatively impacted the stock price, with a 1.33% drop after last quarter's miss. Shares have fallen 19.19% over the past year.
Given the historical sensitivity of SGBX's stock price to earnings performance and the recent negative trend, it is likely that any earnings miss could lead to a further decline in the short term. The importance is high as earnings are a significant event for the stock, and the confidence level reflects the consistent past market reaction to earnings reports.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100