Culp Earnings Preview
Portfolio Pulse from Benzinga Insights
Culp, Inc. (NYSE:CULP) is scheduled to release its quarterly earnings report on Monday, 2023-12-04, with analysts expecting an EPS of $-0.22. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Culp's stock price has shown mixed reactions to earnings reports, with slight drops following beats and misses. Shares are currently trading at $5.09, with a 3.23% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 01, 2023 | 2:00 pm
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NEUTRAL IMPACT
Culp, Inc. is expected to report an EPS of $-0.22 for the latest quarter. Historical data shows the stock price may react negatively even with an earnings beat. Long-term shareholders remain bullish as shares are up 3.23% over the last year.
The expected EPS of $-0.22 sets a cautious tone for the short-term performance of CULP's stock. Historical trends suggest that the stock may not significantly rise even with an earnings beat, as seen in past quarters. However, the overall bullish sentiment among long-term investors, indicated by the 3.23% year-over-year increase in stock price, may help mitigate any negative impact from the earnings report. The score is neutral due to the uncertainty of market reaction to the earnings report and guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100