Earnings Preview: Olin
Portfolio Pulse from Benzinga Insights
Olin Corporation (NYSE:OLN) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.19. Investors are looking for an earnings beat and positive guidance for future growth. Olin's stock performance has been negative over the past year, with shares down 11.82%. The company's past earnings have shown mixed results in terms of stock price reaction, with the last quarter's beat resulting in a 9.03% drop in share price the following day.
January 24, 2024 | 3:01 pm
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NEUTRAL IMPACT
Olin Corp is expected to report an EPS of $0.19 in its upcoming earnings, with investors focusing on guidance for future quarters. The stock has seen a decline of 11.82% over the past year, indicating potential volatility post-earnings.
The expected EPS of $0.19 sets a benchmark for Olin's performance. Given the stock's negative trend over the past year and the mixed price reactions to past earnings, the short-term impact is uncertain. The market will likely react more to the guidance provided than the actual earnings beat or miss, as indicated by historical performance. The importance is high due to the potential for the earnings report to either reverse the negative trend or exacerbate it. Confidence in the score is not absolute due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100