Preview: NGL Energy Partners's Earnings
Portfolio Pulse from Benzinga Insights
NGL Energy Partners (NYSE:NGL) is expected to report an EPS of $0.03 in its upcoming quarterly earnings on February 8, 2024. Historical data shows a mixed reaction to past earnings, with share price movements varying significantly post-announcement. Shares are currently trading at $5.76, reflecting a 248.25% increase over the last 52 weeks. Investors are advised to watch for the company's performance against the EPS estimate and any forward-looking guidance provided.
February 07, 2024 | 7:01 pm
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NGL Energy Partners is anticipated to report an EPS of $0.03 in its upcoming earnings, with historical performance showing significant price movements post-earnings. The stock has seen a substantial 248.25% increase over the past year.
Given NGL's historical earnings performance, the upcoming report could lead to significant price movements. However, the stock's strong year-over-year growth suggests investor confidence, which might mitigate negative impacts if earnings miss estimates. The anticipation of guidance for the next quarter further adds to the potential volatility. The score is neutral due to the uncertainty surrounding the actual earnings outcome and its impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100