Earnings Preview: Lee Enterprises
Portfolio Pulse from Benzinga Insights
Lee Enterprises (NASDAQ:LEE) is scheduled to release its quarterly earnings report on Thursday, 2023-12-07, with an estimated EPS of $1.40. Investors are looking for an earnings beat and positive guidance for the next quarter. Last quarter, LEE missed the EPS estimate by $0.68, resulting in a 3.83% share price drop the following day. Over the past year, LEE shares have declined by 38.02%, and long-term shareholders may be concerned ahead of the earnings release.
December 06, 2023 | 3:02 pm
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Lee Enterprises is expected to report an EPS of $1.40 for the upcoming earnings. Historical performance shows stock price sensitivity to earnings reports and guidance. With a 38.02% decline over the past year, the upcoming report could be critical for investor sentiment.
The short-term impact on LEE's stock price will likely hinge on whether the company meets or exceeds the estimated EPS and provides positive guidance. Historical data shows that LEE's stock price has been sensitive to earnings reports, with notable price changes following earnings misses and beats. However, given the mixed past performance and the overall negative trend over the last year, the market reaction could be muted unless there is a significant surprise in the earnings report or guidance.
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