Sandvik's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Sandvik (OTC:SDVKY) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.36. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Sandvik's stock price has been affected more by guidance than earnings beats or misses. Last quarter, Sandvik met the EPS estimate, resulting in a 1.1% stock price increase the following day. Over the past year, Sandvik's shares have decreased by 3.98%, with the current price at $20.28 as of January 19.
January 24, 2024 | 2:00 pm
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Sandvik is expected to report an EPS of $0.36 in its upcoming earnings. Historical data shows guidance has a significant impact on the stock's performance. Shares have declined by 3.98% over the last year, with recent trading at $20.28.
The short-term impact on Sandvik's stock price will likely hinge on whether the company beats the EPS estimate and provides positive future guidance. Historical trends show that guidance has a more pronounced effect on stock movement than earnings results. Given the stock's decline over the past year, investors may have tempered expectations, which could moderate the stock's reaction to the earnings report.
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