American Res's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
American Resources Corporation (NASDAQ: AREC) is scheduled to release its quarterly earnings report on November 14, 2023. Analysts predict an EPS of $-0.14. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows that the company's stock price is significantly affected by earnings performance and guidance. Last quarter, AREC missed EPS estimates by $0.05, resulting in a 22.41% share price drop the following day. Over the past year, AREC shares have declined by 27.37%, indicating potential dissatisfaction among long-term shareholders.
November 13, 2023 | 5:01 pm
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NEGATIVE IMPACT
AREC is expected to report an EPS of $-0.14 for the upcoming earnings. Historical performance shows significant stock price movement post-earnings, with a 22.41% drop after last quarter's miss. Shares are down 27.37% over the past year.
Given the historical negative reaction to earnings misses and the overall downward trend of AREC's stock price over the past year, it is likely that any negative earnings report or guidance could lead to a further decline in the short term. The importance is high as earnings are a significant event for investors, but not at the maximum because the market may have already priced in some of the potential negative outcomes. The confidence level is not at 100 due to market unpredictability and the possibility of unexpected positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100