Earnings Outlook For Northern Technologies
Portfolio Pulse from Benzinga Insights
Northern Technologies (NASDAQ:NTIC) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with an estimated EPS of $0.18. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, NTIC's stock price has reacted negatively to earnings misses. Shares are currently trading at $12.08, down 11.0% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, especially if the company's guidance differs from expectations.
November 20, 2023 | 3:01 pm
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Northern Technologies (NTIC) is set to report quarterly earnings with an anticipated EPS of $0.18. Past earnings misses have led to negative stock reactions. Current share price is $12.08, with a 52-week decrease of 11.0%.
The short-term impact on NTIC's stock price will likely depend on whether the company meets or exceeds the earnings estimate and what guidance it provides for future quarters. Historical data shows that NTIC's stock tends to react negatively to earnings misses. However, since the stock is already down 11.0% over the last year, investor expectations may already be low, which could mitigate the impact of an earnings miss. Conversely, positive guidance could provide a boost to the stock price.
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