Preview: Fluence Energy's Earnings
Portfolio Pulse from Benzinga Insights
Fluence Energy (NASDAQ:FLNC) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-0.13. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 23.78% increase. Shares are currently trading at $18.48, down 13.71% over the last year. Investors are looking for positive guidance for the next quarter.
February 06, 2024 | 4:02 pm
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POSITIVE IMPACT
Fluence Energy is expected to report an EPS of $-0.13 for the upcoming quarter. The company's past performance indicates a potential for stock price movement post-earnings announcement, especially if there's positive future guidance.
Given FLNC's history of stock price movement post-earnings, especially with beats and positive guidance, there's a high likelihood of a positive short-term impact if the company beats estimates again and provides optimistic future guidance. The last quarter's beat and subsequent stock price increase underscore this potential. However, the overall negative year-on-year performance introduces some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100