Earnings Preview: Johnson Controls Intl
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl (NYSE:JCI) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.51. Investors are looking for an earnings beat and positive guidance for the next quarter. JCI's stock performance has been negative over the last year, with shares down 19.53%. The company's past earnings performance shows mixed results with both beats and misses.
January 29, 2024 | 3:01 pm
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NEUTRAL IMPACT
Johnson Controls Intl is anticipated to report quarterly earnings with investors focusing on an earnings beat and positive future guidance. The stock has seen a 19.53% decline over the past year, indicating bearish sentiment.
The short-term impact on JCI's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed market reactions to past earnings, making it challenging to predict the direction of the stock price post-announcement. The recent bearish trend could temper expectations, but a positive surprise could lead to a rebound.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100