RPC's Earnings Outlook
Portfolio Pulse from Benzinga Insights
RPC (NYSE:RES) is expected to release its quarterly earnings report on Thursday, 2024-01-25, with analysts predicting an EPS of $0.18. Investors are looking for an earnings beat and positive guidance for the next quarter. RPC's stock performance has been negative over the last year, with shares down 27.53%. The stock price reacted negatively to past earnings misses, with drops following the announcements.
January 24, 2024 | 6:01 pm
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RPC is anticipated to release its earnings report with an expected EPS of $0.18. Historical data shows stock price declines following earnings misses. Current share price is $6.64, with a 52-week decrease of 27.53%.
Given RPC's history of stock price declines following earnings misses and the overall negative performance over the past year, there is a likelihood of a negative short-term impact if the company does not meet or exceed the EPS estimate and provide strong guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100