Pyxis Tankers's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Pyxis Tankers (NASDAQ:PXS) is scheduled to release its quarterly earnings report on Monday, 2023-11-20, with analysts estimating an EPS of $0.19. Investors are looking for an earnings beat and positive guidance for the next quarter. Historical data shows that PXS's stock price tends to drop following an earnings miss. Over the last year, PXS shares have decreased by 19.88%, and long-term shareholders may be concerned ahead of the earnings release.
November 17, 2023 | 3:01 pm
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Pyxis Tankers is expected to report an EPS of $0.19 in its upcoming earnings release. Historical performance indicates potential stock price volatility post-earnings, especially if the company misses estimates or provides weak guidance.
The short-term impact on PXS stock will likely hinge on whether the company meets or exceeds the EPS estimate and provides strong future guidance. Historically, the stock has reacted negatively to earnings misses, but it's also important to note that the market's reaction can be unpredictable. The 19.88% decline over the past year suggests a bearish sentiment that could exacerbate negative reactions to any disappointments.
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