Quanex Building Prods's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Quanex Building Prods (NYSE:NX) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts estimating an EPS of $0.70. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, Quanex beat the EPS estimate by $0.32, resulting in a 9.27% stock price increase the following day. Over the last year, NX shares have risen by 36.59%, indicating a bullish sentiment among long-term shareholders.
December 13, 2023 | 2:00 pm
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POSITIVE IMPACT
Quanex Building Prods is anticipated to report quarterly earnings with an EPS estimate of $0.70. Positive earnings and guidance could influence the stock price, as seen in the past with a 9.27% rise after beating EPS estimates last quarter.
Given the historical data showing a positive reaction to earnings beats, and considering the 36.59% increase in stock price over the past 52 weeks, there is a high likelihood of a positive short-term impact on NX's stock price if the company reports earnings that exceed expectations and provides favorable future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100