Preview: Simply Good Foods's Earnings
Portfolio Pulse from Benzinga Insights
Simply Good Foods (NASDAQ:SMPL) is expected to release its quarterly earnings report on Thursday, 2024-01-04, with analysts predicting an EPS of $0.41. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, SMPL's stock price has reacted variably to earnings releases, with the last quarter showing a 4.17% increase despite meeting EPS estimates. Shares are currently trading at $39.71, up 13.91% over the last 52 weeks, indicating a positive sentiment among long-term shareholders.
January 03, 2024 | 2:01 pm
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POSITIVE IMPACT
Simply Good Foods is anticipated to report quarterly earnings with an expected EPS of $0.41. Positive guidance could boost the stock, while a miss may affect it negatively. Historical data shows mixed stock reactions post-earnings.
Given the historical positive stock performance post-earnings and the overall 13.91% increase over the past year, there is a positive sentiment that could lead to a stock price increase if the company beats EPS estimates and provides favorable guidance. However, the market's reaction can be unpredictable, as seen in the past where the stock price increased even when EPS only met estimates.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100