Argan Earnings Preview
Portfolio Pulse from Benzinga Insights
Argan (NYSE:AGX) is scheduled to release its quarterly earnings report on Wednesday, 2023-12-06. Analysts predict an EPS of $0.88. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Argan's stock price has been sensitive to earnings performance and guidance. Last quarter, Argan beat the EPS estimate by $0.20, leading to a 9.18% stock price increase the following day. Over the past year, AGX shares have risen 26.58%, with the stock trading at $47.15 as of December 01.
December 05, 2023 | 2:01 pm
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Argan is expected to report an EPS of $0.88 in its upcoming earnings, with investors anticipating a beat and positive future guidance. Historically, earnings outcomes have significantly impacted AGX's stock price.
Given Argan's history of stock price movements post-earnings and the positive trend over the last 52 weeks, a beat on the EPS estimate and/or positive guidance could lead to a short-term increase in AGX's stock price. However, if the company fails to meet expectations or provides weak guidance, the stock could experience a decline, as seen in past quarters.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100