Earnings Preview For Xcel Brands
Portfolio Pulse from Benzinga Insights
Xcel Brands (NASDAQ:XELB) is scheduled to release its quarterly earnings report on Monday, 2023-11-20. Analysts predict an EPS of $-0.16. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, Xcel Brands' stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate, resulting in a 5.13% stock price increase the following day. Over the last year, XELB shares have risen by 9.63%, with the stock currently trading at $0.91.
November 17, 2023 | 3:00 pm
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POSITIVE IMPACT
Xcel Brands is expected to report an EPS of $-0.16 for the quarter. A beat or positive guidance could positively impact the stock price, as seen last quarter with a 5.13% rise. Shares have increased 9.63% over the past 52 weeks, indicating a bullish sentiment among long-term investors.
Given Xcel Brands' history of stock price increases following an earnings beat, and the positive trend over the past year, there is a high likelihood of a positive short-term impact if the company reports favorable earnings and guidance. The 9.63% annual gain suggests a strong bullish sentiment which could be further bolstered by a positive earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100