A Preview Of Delta Apparel's Earnings
Portfolio Pulse from Benzinga Insights
Delta Apparel (AMEX:DLA) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $-0.80. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, DLA's stock price has been sensitive to earnings performance and guidance rather than just meeting or missing EPS estimates. Last quarter, DLA beat the EPS estimate but saw a 14.1% drop in share price the following day. Over the last year, DLA shares have decreased by 22.29%.
December 06, 2023 | 3:00 pm
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NEGATIVE IMPACT
Delta Apparel is anticipated to report quarterly earnings with an estimated EPS of $-0.80. Investors are focused on earnings performance and future guidance. The stock has historically reacted to earnings outcomes, with a 14.1% drop after last quarter's beat. Shares have fallen 22.29% over the past year.
Given the historical sensitivity of DLA's stock price to earnings performance and guidance, the upcoming earnings report could have a significant impact. The negative trend over the past year and the stock's reaction to the last earnings beat suggest a cautious outlook. The estimated EPS of $-0.80 sets a low expectation, and any deviation from this, especially in guidance, could sway the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100