Earnings Preview: Ashland
Portfolio Pulse from Benzinga Insights
Ashland (NYSE:ASH) is expected to release its quarterly earnings report on Tuesday, 2024-01-30, with an estimated EPS of $0.19. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Ashland's stock price has been sensitive to earnings performance and guidance. Last quarter, Ashland missed EPS estimates by $0.22, resulting in a 4.85% share price drop. Over the past year, Ashland's shares have decreased by 26.38%.
January 29, 2024 | 4:01 pm
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Ashland is anticipated to report quarterly earnings with investors focusing on both the earnings beat and future guidance. Historical data shows a negative reaction to missed earnings, with a 4.85% drop last quarter after missing EPS estimates.
Given Ashland's history of stock price declines following missed earnings and the overall negative performance over the past year, there is a likelihood of a negative short-term impact on ASH's stock price if the company fails to meet or exceed the EPS estimate or provides weak guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100