Preview: Delta Apparel's Earnings
Portfolio Pulse from Benzinga Insights
Delta Apparel (AMEX:DLA) is anticipated to report a quarterly EPS of $-0.91 on February 12, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. Historical data shows mixed earnings performance with significant share price volatility post-earnings. Currently, DLA shares are trading at $7.33, reflecting a 36.6% decline over the last year, indicating investor concern ahead of the earnings announcement.
February 09, 2024 | 3:01 pm
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Delta Apparel is expected to report a quarterly EPS of $-0.91 on February 12, 2024, with investors looking for a beat and positive future guidance.
Given Delta Apparel's mixed historical earnings performance and the significant share price volatility following earnings announcements, the upcoming report could maintain the stock's current volatility. However, the anticipation of a potential earnings beat and positive guidance could stabilize or slightly uplift the stock price in the short term. The 36.6% decline in share price over the last year indicates a bearish sentiment among investors, making the guidance provided in the earnings call particularly crucial for short-term price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100