Earnings Preview: QCR Hldgs
Portfolio Pulse from Benzinga Insights
QCR Holdings (NASDAQ:QCRH) is scheduled to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.35. Investors are looking for an earnings beat and positive guidance for future growth. Historically, QCRH has surpassed EPS estimates, resulting in share price increases the following day. The stock was trading at $56.0 as of January 19, with a 14.6% rise over the last 52 weeks.
January 22, 2024 | 3:01 pm
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QCR Holdings is expected to report an EPS of $1.35 for the latest quarter. Positive historical earnings performance and stock appreciation suggest investor optimism ahead of the earnings release.
Given QCR Holdings' history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a reasonable expectation for a short-term positive impact on QCRH's stock price if the company beats the EPS estimate again and provides favorable guidance. The stock's 14.6% rise over the past 52 weeks also reflects a positive sentiment that could be bolstered by strong earnings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100