Crown Holdings Earnings Preview
Portfolio Pulse from Benzinga Insights
Crown Holdings (NYSE:CCK) is scheduled to release its quarterly earnings report on Monday, 2024-02-05, with analysts expecting an EPS of $1.43. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Last quarter, CCK missed the EPS estimate by $0.00 but saw a 5.95% increase in share price the following day.
February 02, 2024 | 2:02 pm
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POSITIVE IMPACT
Crown Holdings is anticipated to report an EPS of $1.43 for the upcoming quarter. Investors are keen on both the earnings outcome and the future guidance. Historical data reveals a stock price increase following earnings announcements, even with an EPS miss last quarter.
Given Crown Holdings' history of stock price increases following earnings announcements, even when missing EPS estimates, there's a positive outlook for CCK's short-term stock performance. The anticipation of beating the EPS estimate and providing positive guidance further bolsters this view. However, the market's reaction can be unpredictable, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100