A Preview Of Atkore's Earnings
Portfolio Pulse from Benzinga Insights
Atkore (NYSE:ATKR) is scheduled to release its quarterly earnings report on Friday, 2023-11-17, with analysts expecting an EPS of $4.08. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Atkore's stock price has shown mixed reactions to earnings reports, with a notable 15.29% increase in Q4 2022 but decreases in subsequent quarters despite EPS beats. Shares are currently trading at $136.22, up 17.43% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
November 16, 2023 | 2:00 pm
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NEUTRAL IMPACT
Atkore is anticipated to report an EPS of $4.08 for the upcoming earnings, with investors focusing on both the earnings results and future guidance. The stock has experienced both gains and losses following past earnings, with a recent upward trend over the last year.
The expected EPS of $4.08 sets a benchmark for Atkore's performance. While the company has beaten EPS estimates in the past, the stock price has not always reacted positively the following day. The long-term bullish trend suggests optimism, but the short-term impact of the earnings report is uncertain, hence a neutral score. The relevance is 100 as the news is directly about Atkore's earnings. The importance is set at 80 due to the significance of earnings reports to investors, but not at 100 because the stock has shown mixed reactions historically. Confidence is at 75, acknowledging the unpredictable nature of stock movements post-earnings.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100