Earnings Preview: Safe Bulkers
Portfolio Pulse from Benzinga Insights
Safe Bulkers (NYSE:SB) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $0.17. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates by $0.02 but resulting in a 0.94% share price increase the following day. Over the last year, SB shares have risen by 26.44%, indicating a positive outlook from long-term shareholders.
February 09, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Safe Bulkers is expected to report an EPS of $0.17 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a positive long-term shareholder outlook.
Given the positive long-term shareholder outlook and the historical increase in share price even after missing EPS estimates, there's a cautiously optimistic view that SB's stock might experience a short-term positive impact, especially if they meet or exceed the EPS estimate and provide positive guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100