Preview: Helmerich & Payne's Earnings
Portfolio Pulse from Benzinga Insights
Helmerich & Payne (NYSE:HP) is expected to release its quarterly earnings report on January 29, 2024, with an estimated EPS of $0.72. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mixed record of beats and misses, with corresponding stock price reactions. Shares are currently trading at $35.64, down 25.94% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 26, 2024 | 3:00 pm
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Helmerich & Payne is anticipated to report quarterly earnings with an EPS estimate of $0.72. Historical performance shows sensitivity to earnings reports, with stock price fluctuations following earnings beats or misses. Current share price is $35.64, reflecting a 25.94% decline over the past year.
The estimated EPS of $0.72 sets a benchmark for the company's performance. Given the historical sensitivity of HP's stock to earnings reports, a beat or miss could lead to notable price movements. However, the current bearish sentiment and year-long decline in stock price suggest that investors may have low expectations, potentially mitigating the impact of the earnings report unless there is a significant surprise in either direction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100