Earnings Preview For Telefonica Brasil
Portfolio Pulse from Benzinga Insights
Telefonica Brasil (NYSE:VIV) is scheduled to release its quarterly earnings report on February 20, 2024, with an estimated EPS of $0.16. Historically, the company has surpassed EPS estimates, leading to positive stock price movements. Shares are currently trading at $10.83, reflecting a 37.44% increase over the last year. Investors are optimistic, particularly looking for positive guidance for future growth.
February 19, 2024 | 2:01 pm
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POSITIVE IMPACT
Telefonica Brasil is anticipated to report an EPS of $0.16 for the upcoming quarter, with historical performance showing positive stock price reactions to earnings beats. The stock has seen a 37.44% increase over the past year, indicating strong investor confidence.
Given Telefonica Brasil's history of surpassing EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term impact on VIV's stock price if the company beats the EPS estimate again and provides optimistic future guidance. The 37.44% YOY increase in share price further supports investor confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100