Earnings Preview: Futu Holdings
Portfolio Pulse from Benzinga Insights
Futu Holdings (NASDAQ:FUTU) is scheduled to release its quarterly earnings report on Thursday, 2023-11-23. Analysts predict an EPS of $1.00. Historically, the company's stock price has reacted positively to earnings beats, with increases following the last four quarterly reports. Shares are currently trading at $60.37, up 16.11% over the past 52 weeks. Investors will be closely watching for both the earnings outcome and the company's guidance for future growth.
November 22, 2023 | 2:00 pm
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POSITIVE IMPACT
Futu Holdings is expected to report an EPS of $1.00 in its upcoming earnings. Historical data shows positive stock movement following earnings beats. Shares are up 16.11% YTD, indicating a bullish sentiment among long-term investors.
Given Futu Holdings' history of positive stock performance following earnings beats and the current bullish sentiment reflected by the 16.11% YTD increase, there is a high likelihood of a positive short-term impact on FUTU's stock price if the company reports an earnings beat and provides favorable guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100