Earnings Preview: CVR Energy
Portfolio Pulse from Benzinga Insights
CVR Energy (NYSE:CVI) is scheduled to release its quarterly earnings report on February 20, 2024, with an estimated EPS of $0.34. Despite a miss in the last quarter's EPS by $0.04, the share price increased by 4.2% the following day. Historical performance shows mixed reactions to earnings reports. Shares are currently trading at $35.67, reflecting an 8.68% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 19, 2024 | 3:02 pm
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POSITIVE IMPACT
CVR Energy is expected to announce its quarterly earnings with an anticipated EPS of $0.34. The stock has shown resilience in the past despite earnings misses, with a recent 8.68% YTD increase.
Given CVR Energy's history of share price resilience post-earnings announcements, even after missing EPS estimates, and the current positive trend in its stock price, there is a likelihood of a positive short-term impact. The anticipation of future guidance, which is crucial for investors, further supports a potential increase in stock price following the earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100