Preview: Griffon's Earnings
Portfolio Pulse from Benzinga Insights
Griffon Corporation (NYSE:GFF) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.75. The company's past performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements the following day. Shares of Griffon have increased by 49.11% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.
February 06, 2024 | 6:02 pm
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Griffon Corporation is expected to announce its quarterly earnings with an anticipated EPS of $0.75. Historical performance shows a trend of beating EPS estimates, positively influencing stock prices. With a 49.11% increase in share price over the last year, the upcoming earnings report and future guidance will be crucial for investors.
Given Griffon's history of exceeding EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term price movement if the company beats the EPS estimate again and provides optimistic future guidance. The 49.11% year-over-year increase in share price further supports a bullish outlook among investors, which could be bolstered by favorable earnings results.
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