Earnings Preview: BrightView Hldgs
Portfolio Pulse from Benzinga Insights
BrightView Hldgs (NYSE:BV) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $0.04. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, BV's stock price has been sensitive to earnings performance and guidance. Last quarter, BV missed EPS estimates by $0.14, resulting in a slight stock price drop. Over the past year, BV shares have increased by 9.94%, trading at $8.97 as of January 29.
January 30, 2024 | 5:01 pm
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BrightView Hldgs is expected to report an EPS of $0.04 in its upcoming earnings, with investors focusing on potential earnings beat and future guidance. Historical data shows stock sensitivity to earnings outcomes. Shares have risen 9.94% over the past year.
The short-term impact on BV's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive guidance. Historical performance indicates a correlation between earnings outcomes and stock price movement. However, given the stock's positive trend over the past year, investor sentiment may already be somewhat optimistic, which could moderate the impact of the earnings report unless there is a significant surprise in either direction.
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