Earnings Outlook For Steris
Portfolio Pulse from Benzinga Insights
Steris (NYSE:STE) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $2.17. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's EPS beat resulting in a 5.46% drop in share price the following day. Shares of Steris were trading at $219.9 as of February 5, with a 4.46% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 06, 2024 | 6:02 pm
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NEUTRAL IMPACT
Steris is expected to report an EPS of $2.17 for the upcoming quarter. Historical data shows its stock price can fluctuate significantly post-earnings, with a recent 5.46% drop after last quarter's results. Shares have risen 4.46% over the past year.
Given Steris's mixed historical earnings performance and the recent positive trend in its stock price, the short-term impact of the upcoming earnings report is uncertain. While an earnings beat could positively influence the stock, the company's guidance will likely play a crucial role in determining the stock's direction. The importance is rated at 75 due to the significant role earnings reports play in investor sentiment, with a confidence level of 80 reflecting the unpredictable nature of stock reactions to earnings announcements.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100