Preview: Pricesmart's Earnings
Portfolio Pulse from Benzinga Insights
Pricesmart (NASDAQ:PSMT) is scheduled to release its quarterly earnings report on January 9, 2024. Analysts predict an EPS of $1.09. Investors are looking for an earnings beat and positive guidance for the next quarter. In the previous quarter, Pricesmart missed the EPS estimate by $0.20, leading to a 12.81% share price drop the following day. Historically, Pricesmart's stock performance has been positive over the last 52 weeks, with shares up 7.43%, trading at $72.85 as of January 4.
January 08, 2024 | 2:00 pm
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NEUTRAL IMPACT
Pricesmart is expected to report an EPS of $1.09 in its upcoming earnings. A previous miss resulted in a significant stock price drop. Positive performance over the last year may influence investor sentiment.
The short-term impact on PSMT's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides favorable guidance. The historical data suggests that the stock is sensitive to earnings performance, as seen in the previous quarter's drop after an earnings miss. However, the overall positive trend over the last year could mitigate negative reactions if the results are not as bad as feared or if the company provides strong future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100