Brookfield's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Brookfield (NYSE:BN) is anticipated to release its quarterly earnings report on February 8, 2024, with an expected EPS of $0.97. Analysts and investors are keen on whether the company will surpass this estimate and provide optimistic guidance for the following quarter. Brookfield's past earnings performance shows a mixed impact on its stock price post-earnings announcement, with slight decreases observed. Currently, Brookfield's shares have seen an 8.75% increase over the last 52 weeks, trading at $39.65 as of February 6.
February 07, 2024 | 2:01 pm
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Brookfield is expected to report a quarterly EPS of $0.97 on February 8, 2024. Past earnings have shown mixed reactions in stock price, with a general upward trend over the last year.
Given Brookfield's history of surpassing EPS estimates and the positive trend in its stock price over the past year, there is a likelihood of a positive short-term impact on BN's stock price if the company beats the EPS estimate again and provides optimistic future guidance. However, the mixed reactions to past earnings and the slight decreases in stock price following earnings announcements introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100