Preview: Lee Enterprises's Earnings
Portfolio Pulse from Benzinga Insights
Lee Enterprises (NASDAQ:LEE) is expected to release its quarterly earnings report on Thursday, 2024-02-01, with an estimated EPS of $-0.02. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, LEE's stock price has shown varied reactions to earnings reports, with a 4.96% increase after last quarter's miss. The stock is currently trading at $10.83, down 51.01% over the last year, indicating a bearish sentiment among long-term shareholders.
January 31, 2024 | 9:01 pm
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Lee Enterprises is set to report earnings with an anticipated EPS of $-0.02. A positive earnings surprise and guidance could boost the stock, while a miss may continue the bearish trend.
The short-term impact on LEE's stock will likely depend on whether the company beats the EPS estimate and provides positive guidance. Historically, the stock has had mixed reactions to earnings reports, but given the recent downward trend, a positive report could help reverse sentiment. However, the consistent negative returns over the past year suggest that even with a positive earnings report, investor sentiment may remain cautious.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100