Cabot's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Cabot (NYSE:CBT) is scheduled to release its quarterly earnings report on February 5, 2024, with analysts expecting an EPS of $1.49. The company's past performance shows a pattern of beating EPS estimates, which has sometimes led to significant share price movements the following day. Shares of Cabot were trading at $73.18 as of January 31, and have seen a 2.03% decline over the last 52 weeks. Investors are likely focused on both the reported earnings and the company's future guidance.
February 02, 2024 | 2:02 pm
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Cabot is expected to report an EPS of $1.49 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, which has often resulted in positive stock price movements. However, the stock has experienced a 2.03% decline over the past year.
Given Cabot's history of beating EPS estimates and the subsequent positive impact on its stock price, there's a potential for a short-term price increase, especially if the company beats the EPS estimate again and provides positive future guidance. However, the overall negative performance over the past year suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100