Earnings Preview: Air Products & Chemicals
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals (NYSE:APD) is scheduled to release its quarterly earnings report on February 5, 2024, with an estimated EPS of $3.00. Historical data shows a positive correlation between earnings beats and stock price increases. Last quarter, APD beat the EPS estimate by $0.03, leading to a 2.15% stock price increase. Over the past year, APD shares have declined by 8.29%, indicating a bearish sentiment among long-term shareholders.
February 02, 2024 | 2:01 pm
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POSITIVE IMPACT
Air Products & Chemicals is expected to report an EPS of $3.00 for the upcoming quarter. Historical performance suggests a potential stock price increase if earnings beat expectations.
Given APD's history of stock price increases following earnings beats, and the anticipation of positive guidance, there's a high likelihood of a positive short-term impact on APD's stock price if they beat the EPS estimate again. However, the overall bearish sentiment due to the 8.29% decline over the past year tempers the potential upside.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100