Earnings Preview: Range Resources
Portfolio Pulse from Benzinga Insights
Range Resources (NYSE:RRC) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $0.47. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a slight share price drop. Shares have increased by 24.89% over the last 52 weeks, indicating a positive outlook from long-term shareholders.
February 20, 2024 | 4:01 pm
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Range Resources is expected to report an EPS of $0.47 for the upcoming quarter. Historical performance shows mixed reactions to earnings announcements, with a positive 24.89% return over the past year.
Given the positive anticipation surrounding the earnings report and the historical increase in share price over the past year, it's likely that RRC's stock will experience a short-term positive impact. However, the actual movement will heavily depend on whether the earnings beat expectations and the future guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100