Karooooo Earnings Preview
Portfolio Pulse from Benzinga Insights
Karooooo (NASDAQ:KARO) is expected to release its quarterly earnings report on Monday, 2024-01-22, with an estimated EPS of $0.29. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Karooooo's stock price has been sensitive to earnings performance and guidance. Last quarter, the company beat the EPS estimate by $0.03, leading to a 7.02% stock price increase the following day. Over the last 52 weeks, KARO shares have increased by 1.01%, trading at $24.25 as of January 18.
January 19, 2024 | 3:00 pm
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POSITIVE IMPACT
Karooooo is anticipated to report quarterly earnings with an EPS estimate of $0.29. A beat on this estimate and positive future guidance could positively impact the stock price, as seen last quarter with a 7.02% rise following an earnings beat.
Given Karooooo's history of stock price increases following an earnings beat, and considering the stock's positive performance over the last year, a repeat of past trends could lead to a short-term price increase if the company beats the EPS estimate and provides favorable guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100