National Fuel Gas's Earnings Outlook
Portfolio Pulse from Benzinga Insights
National Fuel Gas (NYSE:NFG) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $1.33. The focus will be on whether NFG beats this estimate and provides positive guidance for the next quarter. Historical data shows that NFG's stock price reacts more significantly to guidance than to earnings beats or misses. In the last quarter, NFG missed the EPS estimate by $0.07, leading to a 2.71% increase in its stock price the following day. Over the past year, NFG shares have declined by 21.47%, indicating potential concern among long-term shareholders ahead of the earnings announcement.
February 06, 2024 | 3:03 pm
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National Fuel Gas is expected to report an EPS of $1.33 for the upcoming quarter. Historical performance shows mixed reactions to earnings announcements, with guidance playing a crucial role in stock price movements. With a 21.47% decline over the past year, the upcoming earnings and guidance will be critical for investor sentiment.
Given NFG's past performance, where guidance has significantly impacted stock price movements, the upcoming earnings report and future guidance will be closely watched. The stock's 21.47% decline over the past year adds pressure for positive news. However, the mixed historical reaction to earnings announcements makes the short-term impact uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100