Earnings Preview: Cavco Indus
Portfolio Pulse from Benzinga Insights
Cavco Indus (NASDAQ:CVCO) is scheduled to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $4.27. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, CVCO's stock price has been affected more by guidance than by earnings beats or misses. Last quarter, CVCO missed the EPS estimate by $0.51 but saw a 5.65% increase in share price the following day. Over the last 52 weeks, CVCO shares have risen by 20.49%, indicating a bullish sentiment among long-term shareholders.
January 31, 2024 | 4:01 pm
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Cavco Indus is expected to report an EPS of $4.27 for the upcoming earnings release. Historical data shows that stock price may react more to guidance than earnings results. Shares have increased by 20.49% over the past year, indicating a positive trend.
The short-term impact on CVCO's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical trends show that guidance has a significant impact on the stock's performance. The positive 52-week performance suggests a bullish sentiment, but the actual earnings result and guidance will be the key drivers for the stock's short-term movement.
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