Earnings Outlook For Natural Grocers
Portfolio Pulse from Benzinga Insights
Natural Grocers (NYSE:NGVC) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts predicting an EPS of $0.20. Investors are looking for an earnings beat and positive guidance for future growth. Historically, NGVC's stock price has reacted to past earnings performances and guidance. Last quarter, NGVC beat the EPS estimate by $0.16, leading to a 6.45% stock price increase the following day. Over the last year, NGVC shares have risen by 11.47%, trading at $13.37 as of November 14.
November 15, 2023 | 4:00 pm
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Natural Grocers is anticipated to report quarterly earnings with an EPS estimate of $0.20. Positive earnings history suggests potential for a favorable market reaction if NGVC beats estimates and provides strong guidance.
Given NGVC's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term price increase if the company reports favorable earnings and guidance. The stock's 11.47% rise over the past 52 weeks and the positive reaction to the last earnings beat support this outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100