Earnings Outlook For Powell Industries
Portfolio Pulse from Benzinga Insights
Powell Industries (NASDAQ:POWL) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $0.84. Investors are looking for an earnings beat and positive guidance for future growth. Despite beating EPS estimates in the past four quarters, the stock's reaction varied, with a 6.0% drop after the last report. Over the last year, POWL shares have risen 96.85%, trading at $76.83 as of January 26.
January 29, 2024 | 6:00 pm
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NEUTRAL IMPACT
Powell Industries is anticipated to report earnings with a focus on whether it will beat the $0.84 EPS estimate and provide positive future guidance. Historical performance shows mixed stock price reactions post-earnings.
While Powell Industries has a history of beating EPS estimates, the stock price reaction has been inconsistent, with a significant drop after the last report despite a beat. The anticipation of future guidance will likely play a critical role in the short-term stock movement. However, given the mixed historical reactions, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100