Earnings Outlook For Hess
Portfolio Pulse from Benzinga Insights
Hess Corporation (NYSE:HES) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $1.47. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Hess's stock price has shown mixed reactions to earnings reports. The stock is currently trading at $142.95, with a 0.54% decline over the last 52 weeks. Shareholders are likely concerned as they approach this earnings release.
January 30, 2024 | 6:01 pm
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Hess Corporation is anticipated to report an EPS of $1.47 in its upcoming earnings, with investors focusing on potential earnings beat and future guidance. The stock has seen a slight decline over the past year and has had varied price reactions to past earnings.
While the expected EPS of $1.47 sets a benchmark for Hess's performance, the historical data shows that the stock price does not consistently move in a predictable direction post-earnings release. The slight year-to-date decline in stock price may have already factored in investor sentiment, and without a significant earnings surprise or strong forward guidance, the short-term impact is likely to be neutral.
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