Earnings Outlook For Orion Engineered Carbons
Portfolio Pulse from Benzinga Insights
Orion Engineered Carbons (NYSE:OEC) is expected to report an EPS of $0.33 in its upcoming quarterly earnings on February 14, 2024. Historical data shows positive stock price movements following earnings beats. Last quarter, OEC beat the EPS estimate by $0.03, leading to a 3.4% share price increase. Over the last year, OEC shares have risen by 5.96%, with the stock currently trading at $23.8. Investors are looking for not only an earnings beat but also positive guidance for future growth.
February 13, 2024 | 5:02 pm
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Orion Engineered Carbons is anticipated to report a quarterly EPS of $0.33, with historical performance indicating potential positive stock movement upon beating estimates. Shares have increased by 5.96% over the past year.
Given OEC's history of positive stock price reactions to earnings beats and the overall positive trend in its share price over the past year, it is likely that any earnings beat and positive future guidance could lead to short-term stock price appreciation. The anticipation of these results, based on past performance, supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100