A Preview Of ConocoPhillips's Earnings
Portfolio Pulse from Benzinga Insights
ConocoPhillips (NYSE:COP) is expected to report an EPS of $2.09 in its upcoming quarterly earnings on February 8, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports, with a slight overall increase in share price over the last 52 weeks.
February 07, 2024 | 3:01 pm
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ConocoPhillips is anticipated to report a quarterly EPS of $2.09, with investors looking for an earnings beat and positive future guidance.
Given the historical performance where ConocoPhillips's stock price showed mixed reactions to earnings reports, a positive earnings beat and optimistic future guidance could lead to a short-term increase in stock price. However, the past indicates that the market's reaction can be unpredictable, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100