Earnings Preview For Lakeland Industries
Portfolio Pulse from Benzinga Insights
Lakeland Industries (NASDAQ:LAKE) is expected to release its quarterly earnings report on Wednesday, 2023-12-06, with an estimated EPS of $0.27. Investors are looking for an earnings beat and positive guidance for future growth. Historically, LAKE's stock price has been sensitive to earnings performance and guidance. Last quarter, LAKE beat the EPS estimate by $0.10, leading to an 11.54% stock price increase the following day. Over the last year, LAKE shares have risen by 7.49%, with the stock trading at $14.57 as of December 01.
December 05, 2023 | 4:01 pm
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Lakeland Industries is anticipated to report quarterly earnings with an EPS estimate of $0.27. A history of earnings beats and stock price sensitivity to guidance suggests potential volatility post-announcement. Shares have been trending positively over the past year.
Given LAKE's history of stock price increases following an earnings beat and the general upward trend over the past year, there is a likelihood of a positive short-term impact if the company beats the EPS estimate again and provides favorable guidance. However, the market's reaction can be unpredictable, and external factors could influence the stock's movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100