Suburban Propane Partners Earnings Preview
Portfolio Pulse from Benzinga Insights
Suburban Propane Partners (NYSE:SPH) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $0.63. The company's past performance shows a history of beating EPS estimates, which has positively impacted its stock price. Shares are currently trading at $19.99, up 27.91% over the last year. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 07, 2024 | 5:02 pm
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Suburban Propane Partners is expected to report a Q1 EPS of $0.63. Historical performance shows positive stock movement post-earnings, with shares currently up 27.91% over the last year.
Given SPH's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term impact on SPH's stock price if the company beats the EPS estimate again and provides positive future guidance. The stock's current upward trend and the historical response to earnings beats further support this analysis.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100