Earnings Preview For Brookfield Renewable
Portfolio Pulse from Benzinga Insights
Brookfield Renewable (NYSE:BEPC) is scheduled to release its quarterly earnings report on 2024-02-02, with analysts expecting an EPS of $-0.14. The focus for investors will be on whether BEPC beats this estimate and provides positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the stock price fluctuating based on actual EPS outcomes and guidance. Shares are currently trading at $27.92, down 1.06% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 01, 2024 | 2:01 pm
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Brookfield Renewable is expected to report an EPS of $-0.14 for the latest quarter. Investors are keen on the earnings outcome and future guidance, given the stock's 1.06% decline over the past year.
The short-term impact on BEPC's stock price will likely hinge on whether it meets or exceeds the expected EPS of $-0.14 and provides positive future guidance. Historical performance shows that BEPC's stock price reacts to earnings outcomes and guidance, with mixed results in the past quarters. Given the current trading price and the bearish sentiment from a 1.06% decline over the past year, the earnings report could either reinforce this sentiment or potentially reverse it if the results are favorable.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100