Preview: Flex LNG's Earnings
Portfolio Pulse from Benzinga Insights
Flex LNG (NYSE:FLNG) is scheduled to release its quarterly earnings report on February 7, 2024. Analysts predict an EPS of $0.67. Investors are hopeful for an earnings beat and positive guidance for the next quarter. Flex LNG's past performance shows mixed results with slight price changes post-earnings. Currently, shares are trading at $28.48, marking a 7.72% decrease over the last 52 weeks. This performance indicates general dissatisfaction among long-term shareholders.
February 06, 2024 | 7:01 pm
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NEUTRAL IMPACT
Flex LNG is anticipated to report an EPS of $0.67 for the upcoming quarter. With a history of mixed post-earnings price changes, investors are looking for a beat and positive future guidance. Shares have declined by 7.72% over the past year.
The anticipation of Flex LNG's earnings report and its potential to beat EPS estimates could influence short-term stock performance. However, the stock's recent downward trend and the mixed impact of past earnings on its price suggest a cautious outlook. The importance of the earnings report is high due to potential guidance updates, but the confidence in predicting a specific direction for the stock price is moderated by past performance variability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100