Earnings Preview: BrightSphere Investment
Portfolio Pulse from Benzinga Insights
BrightSphere Investment (NYSE:BSIG) is expected to report an EPS of $0.58 in its upcoming quarterly earnings on February 1, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, BSIG has exceeded EPS estimates, leading to share price increases. However, over the last year, shares have declined by 10.13%, indicating bearish sentiment among long-term shareholders. The stock was trading at $22.5 as of January 30.
January 31, 2024 | 5:02 pm
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NEUTRAL IMPACT
BrightSphere Investment is anticipated to report an EPS of $0.58 and investors will focus on earnings beat and future guidance. Historical performance shows positive stock movement post-earnings beat, but annual performance indicates a bearish trend.
While BSIG has a history of beating EPS estimates and experiencing subsequent stock price increases, the overall annual performance has been negative. The short-term impact of the earnings report will depend on whether BSIG beats the EPS estimate and provides strong guidance. However, the bearish long-term sentiment may temper any positive short-term reactions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100