Earnings Outlook For Amalgamated Financial
Portfolio Pulse from Benzinga Insights
Amalgamated Financial (NASDAQ:AMAL) is expected to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.72. Investors are looking for an earnings beat and positive guidance for future growth. Historically, AMAL's stock price has reacted to past earnings performances and guidance. Last quarter, AMAL beat the EPS estimate by $0.06, leading to an 8.29% stock price increase the following day. Over the last year, AMAL shares have risen by 12.15%.
January 24, 2024 | 6:01 pm
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Amalgamated Financial is anticipated to report quarterly earnings with an EPS estimate of $0.72. A history of positive stock movement following earnings beats, especially last quarter's 8.29% rise, suggests a potential increase if AMAL beats estimates again.
Given AMAL's history of stock price increases following earnings beats, and considering the overall positive performance over the past year, there is a strong likelihood of a short-term positive impact on the stock price if the company beats the EPS estimate and provides favorable future guidance. The importance is high as earnings reports are critical investor events, and confidence is strong due to past market reactions to AMAL's earnings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100