Earnings Outlook For RPM International
Portfolio Pulse from Benzinga Insights
RPM International (NYSE:RPM) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with analysts predicting an EPS of $1.22. Investors are looking for an earnings beat and positive guidance for future growth. RPM's stock performance has been positive over the last year, with shares up 28.85%, trading at $109.74 as of January 01. Historical data shows that RPM's share price reacts more to guidance than to earnings beats or misses.
January 03, 2024 | 2:00 pm
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RPM International is anticipated to report quarterly earnings with an EPS estimate of $1.22. The company's past performance shows a positive reaction to earnings beats and guidance. With shares up 28.85% over the last year, investors may expect a continuation of this trend if RPM provides strong guidance.
Given RPM's history of positive stock performance following earnings beats and the importance of guidance on the stock price, a report exceeding the EPS estimate of $1.22 and/or positive future guidance could lead to a short-term increase in the stock price. The historical data suggests that the market reacts favorably to such outcomes, and with the stock already on an upward trend, investor sentiment is likely to remain bullish.
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