Earnings Outlook For GMS
Portfolio Pulse from Benzinga Insights
GMS (NYSE:GMS) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $2.26. Investors are looking for an earnings beat and positive guidance for future growth. Historically, GMS's stock price has been sensitive to earnings performance and guidance. Last quarter, GMS beat the EPS estimate by $0.02, resulting in a 1.67% stock price increase the following day. Over the last year, GMS shares have risen by 30.31%, indicating a bullish sentiment among long-term shareholders.

December 06, 2023 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
GMS is anticipated to report quarterly earnings with investors focusing on both the earnings beat and the forward guidance. Historical data shows that GMS's stock price reacts to earnings performance, with a positive trend over the past year.
Given the historical sensitivity of GMS's stock price to earnings performance and the positive trend over the past year, a beat on the EPS estimate and positive guidance could lead to a short-term increase in the stock price. However, the market's reaction can be unpredictable, and other factors may also influence the stock's movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100