Preview: Open Text's Earnings
Portfolio Pulse from Benzinga Insights
Open Text (NASDAQ:OTEX) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $1.19. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Open Text has seen share price movements following earnings beats or misses, with a 5.34% increase after last quarter's beat. Shares are currently trading at $44.03, up 32.38% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 31, 2024 | 2:02 pm
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Open Text is anticipated to report quarterly earnings with an EPS estimate of $1.19. Positive historical performance and a 32.38% stock increase over the past year may lead to bullish sentiment if earnings beat expectations and guidance is strong.
Given the historical positive reaction to earnings beats and the recent stock performance, a beat on the EPS estimate and positive guidance could lead to a short-term increase in OTEX's stock price. However, the market's reaction can be unpredictable and may also hinge on broader market conditions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100