Earnings Outlook For Golar LNG
Portfolio Pulse from Benzinga Insights
Golar LNG (NASDAQ:GLNG) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts estimating an EPS of $0.44. Investors are looking for an earnings beat and positive guidance for future growth. Golar LNG's stock performance has been negative over the last 52 weeks, with shares down 13.01%. The company's past earnings have shown a mix of beats and misses, with the share price reacting accordingly.
November 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
Golar LNG is anticipated to release its quarterly earnings with an expected EPS of $0.44. Historical performance shows sensitivity to earnings reports and guidance, with shares currently down over the past year.
The short-term impact on GLNG's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive future guidance. Historical data suggests that the stock is sensitive to earnings reports, but given the mixed past performance, the direction is uncertain, hence a neutral score. The relevance is high as the earnings report is directly about GLNG, and the importance is also high due to the potential for significant stock price movement post-earnings. Confidence is not at the maximum due to the unpredictability of market reactions and the mixed historical performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100