APA Earnings Preview
Portfolio Pulse from Benzinga Insights
APA (NASDAQ:APA) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts estimating an EPS of $1.35. The company's past performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, APA's stock has declined 17.58% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching for both the earnings outcome and the company's future guidance.
February 20, 2024 | 4:02 pm
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NEUTRAL IMPACT
APA is expected to announce its quarterly earnings with an anticipated EPS of $1.35. Historical performance shows a tendency to beat estimates, potentially influencing short-term stock movement. However, a 17.58% annual decline in stock price reflects bearish long-term sentiment.
APA's upcoming earnings report is crucial due to its history of beating EPS estimates, which could lead to short-term positive stock movements. However, the significant annual decline in stock price and the emphasis on future guidance suggest a cautious outlook. The score is neutral due to the mixed signals from past performance and long-term stock decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100