Earnings Outlook For High Tide
Portfolio Pulse from Benzinga Insights
High Tide (NASDAQ:HITI) is expected to release its quarterly earnings report on January 29, 2024, with an estimated EPS of $-0.03. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, High Tide missed EPS estimates by $0.00, resulting in a 13.78% share price drop the following day. Over the last 52 weeks, HITI shares have increased by 8.38%, trading at $1.89 as of January 25.
January 26, 2024 | 4:01 pm
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NEUTRAL IMPACT
High Tide is anticipated to release its earnings report with an estimated EPS of $-0.03. Investors are focused on earnings performance and future guidance. Historical data shows significant stock price movement post-earnings announcement.
The short-term impact on HITI's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical trends show that the stock is sensitive to earnings results, but without specific information on whether they will beat or miss estimates, a neutral score is appropriate. The relevance is high as the news is directly about HITI's earnings, and the importance is significant given the historical price sensitivity. Confidence is not at the maximum due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100