A Preview Of Eagle Bancorp's Earnings
Portfolio Pulse from Benzinga Insights
Eagle Bancorp (NASDAQ:EGBN) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.68. Investors are looking for an earnings beat and positive guidance for future growth. In the past, EPS beats have led to significant share price increases, such as a 13.35% rise after last quarter's report. However, shares have declined 40.57% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 23, 2024 | 5:00 pm
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Eagle Bancorp is anticipated to report earnings with investors keen on an earnings beat and positive future guidance. Historical data shows significant price movements post-earnings, with a 13.35% increase after last quarter's beat.
Given the historical positive reaction to earnings beats, if EGBN surpasses the EPS estimate and provides strong guidance, the stock is likely to experience a short-term price increase. However, the long-term bearish trend may temper gains.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100