Earnings Outlook For Alico
Portfolio Pulse from Benzinga Insights
Alico (NASDAQ:ALCO) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-0.28. Analysts and investors are keen on whether Alico will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Alico has had varied success in beating EPS estimates, with share price reactions ranging from 0.12% to 2.94% increases following earnings announcements. Alico's stock has seen a 7.54% increase over the last 52 weeks, trading at $27.34 as of February 5.
February 06, 2024 | 7:02 pm
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Alico is expected to report a quarterly EPS of $-0.28 on February 7, 2024. Historical performance shows positive stock reactions to earnings announcements. Shares have increased by 7.54% over the last year.
Given Alico's history of positive stock price reactions following earnings announcements that beat expectations, and considering the stock's positive performance over the last year, there is a reasonable expectation for a short-term positive impact on ALCO's stock price if they report better-than-expected earnings and provide positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100