A Preview Of RCI Hospitality Hldgs's Earnings
Portfolio Pulse from Benzinga Insights
RCI Hospitality Hldgs (NASDAQ:RICK) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $1.00. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops the following day. Over the last year, RICK shares have declined by 31.72%, indicating potential concern among long-term shareholders as the earnings date approaches.
February 07, 2024 | 8:02 pm
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RCI Hospitality Hldgs is expected to report an EPS of $1.00 for the upcoming quarter. Historical data shows missed EPS estimates often lead to share price declines. With a 31.72% decrease in share price over the last year, the upcoming earnings report is crucial for investor sentiment.
Given RCI Hospitality Hldgs's history of not meeting EPS estimates and the subsequent negative impact on its share price, there is a high likelihood of a similar outcome if the company fails to meet or exceed the expected EPS of $1.00. The significant decline in share price over the past year further emphasizes the importance of this earnings report for investor sentiment and the potential for further short-term negative impact on the stock price.
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IMPORTANCE 90
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