A Preview Of Blue Foundry's Earnings
Portfolio Pulse from Benzinga Insights
Blue Foundry (NASDAQ:BLFY) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $-0.15. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted to past earnings performances, with a 5.76% increase after beating EPS last quarter. Over the past 52 weeks, BLFY shares have declined by 20.16%, indicating potential concern among long-term shareholders ahead of the earnings release.
January 23, 2024 | 7:02 pm
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Blue Foundry is anticipated to report quarterly earnings with an estimated EPS of $-0.15. A positive earnings surprise and guidance could influence the stock price, as seen with a 5.76% rise after last quarter's beat. However, a 20.16% decline over the past year may temper expectations.
Given the historical positive stock price reaction to an earnings beat last quarter, a similar outcome could occur if BLFY beats estimates again. However, the overall negative trend over the past year suggests that investor sentiment is cautious, which could limit the upside potential.
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