Griffon's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Griffon (NYSE:GFF) is expected to release its quarterly earnings report on Wednesday, with an estimated EPS of $1.02. Investors are looking for an earnings beat and positive guidance for the next quarter. Despite beating EPS estimates in the past, GFF's stock price has shown mixed reactions. Shares are currently at $44.25, up 37.37% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
November 14, 2023 | 4:01 pm
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Griffon is anticipated to report quarterly earnings with an EPS estimate of $1.02. Past performance shows mixed stock price reactions post-earnings, despite beating estimates. Long-term trend is bullish with shares up 37.37% over the past year.
While Griffon has a history of beating EPS estimates, the stock price reaction has been mixed, indicating that an earnings beat may not necessarily lead to a positive short-term price movement. However, the long-term bullish trend and the anticipation of positive guidance could maintain investor confidence. The score is neutral due to the unpredictability of the market's reaction to the earnings report and guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100