Hitachi Earnings Preview
Portfolio Pulse from Benzinga Insights
Hitachi (OTC:HTHIY) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $1.72. Investors will be looking for an earnings beat and positive guidance for future growth. Historical data shows that guidance often impacts stock price more than earnings results. Hitachi's stock has risen 45.59% over the past 52 weeks, trading at $154.69 as of January 26.
January 30, 2024 | 2:00 pm
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POSITIVE IMPACT
Hitachi is expected to report an EPS of $1.72 in its upcoming earnings, with investors focusing on potential earnings beat and future guidance. The stock has seen a 45.59% increase over the last year.
Given the positive historical performance and the 45.59% increase in stock price over the past year, investors are likely bullish on Hitachi. A report of earnings that beat the estimate, coupled with positive future guidance, could lead to a short-term increase in stock price. However, the score is not a full 1 due to the unpredictability of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100