AZEK Co Earnings Preview
Portfolio Pulse from Benzinga Insights
AZEK Co (NYSE:AZEK) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.05. Historical data shows that AZEK's stock price reacts positively to earnings beats and guidance updates. Last quarter, AZEK beat the EPS estimate by $0.07, leading to a 5.99% increase in its stock price the following day. Over the past year, AZEK's shares have risen by 49.73%, indicating a bullish sentiment among long-term shareholders.
February 05, 2024 | 4:01 pm
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POSITIVE IMPACT
AZEK Co is expected to report an EPS of $0.05 for the upcoming quarter. Historical performance indicates a positive reaction to earnings beats and guidance updates. Shares have increased by 49.73% over the last year, showing strong investor confidence.
Given AZEK's history of outperforming EPS estimates and the subsequent positive stock price reactions, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data and the 49.73% year-over-year increase in share price suggest strong investor confidence, which could further fuel a positive short-term impact on the stock price following the earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100