Preview: Manulife Financial's Earnings
Portfolio Pulse from Benzinga Insights
Manulife Financial (NYSE:MFC) is expected to report an EPS of $0.63 in its upcoming quarterly earnings on 2024-02-14. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Shares are currently trading at $22.62, with a 14.72% increase over the last 52 weeks. Investors are optimistic but will focus on the company's guidance for future growth.
February 13, 2024 | 2:01 pm
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POSITIVE IMPACT
Manulife Financial is anticipated to report a quarterly EPS of $0.63, with historical performance indicating potential for positive stock movement post-earnings.
Given Manulife Financial's history of surpassing EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a similar outcome if the company beats the EPS estimate again. The historical data shows a clear correlation between earnings performance and stock price movement, suggesting investor confidence could be bolstered by another strong report. Additionally, the stock's positive performance over the last 52 weeks further supports a bullish outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100