Earnings Outlook For KNOT Offshore Partners
Portfolio Pulse from Benzinga Insights
KNOT Offshore Partners (NYSE:KNOP) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts predicting an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, KNOT's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.31, resulting in a 6.18% stock price increase the following day. Over the past year, KNOP shares have declined by 42.54%.
December 13, 2023 | 2:00 pm
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KNOT Offshore Partners is anticipated to report a negative EPS of $-0.07 for the quarter. A history of stock sensitivity to earnings performance suggests potential volatility post-announcement.
The expected negative EPS could indicate a challenging quarter for KNOP, but the company's history of beating estimates and the subsequent stock reactions suggest that the actual earnings result could significantly impact the stock price in the short term. However, the score is neutral due to the unpredictability of market reactions and the fact that long-term shareholders have experienced a significant decline in stock value over the past year.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100