Preview: Hillenbrand's Earnings
Portfolio Pulse from Benzinga Insights
Hillenbrand (NYSE:HI) is scheduled to release its quarterly earnings report on February 5, 2024, with an expected EPS of $0.68. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Hillenbrand's stock price tends to react negatively to past earnings reports, despite beating EPS estimates. The stock has been trading at $47.41 as of February 1, reflecting a 3.33% decline over the last 52 weeks.
February 02, 2024 | 5:00 pm
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Hillenbrand is expected to announce its quarterly earnings with an anticipated EPS of $0.68. Historical trends show a negative stock price reaction to earnings reports, despite beating estimates. The stock has seen a 3.33% decline over the past year.
Given Hillenbrand's history of negative stock price reactions following earnings reports that beat estimates, and considering the overall 3.33% decline in stock price over the past year, it's likely that the upcoming earnings report could lead to a short-term negative impact on HI's stock price. The anticipation of whether the company will beat the EPS estimate and provide positive guidance adds to the relevance of this earnings report for investors.
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