Svenska Handelsbanken's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Svenska Handelsbanken (OTC:SVNLY) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts predicting an EPS of $1.57. Despite missing the EPS estimate last quarter by $1.60, the stock price increased by 0.99% the following day. Historical data shows a pattern of share price increases following earnings announcements, regardless of meeting EPS estimates. Over the past year, SVNLY shares have risen by 9.12%, indicating a positive outlook among long-term investors.
February 06, 2024 | 2:01 pm
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Svenska Handelsbanken is expected to report an EPS of $1.57 for the upcoming quarter. Historical trends show positive stock movement post-earnings, despite previous misses.
Given the historical pattern of stock price increases following earnings announcements, even when missing EPS estimates, and the overall positive yearly stock performance, it's likely that SVNLY will experience a short-term positive impact. The anticipation of beating the EPS estimate and providing positive guidance could further bolster investor confidence.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100