A Preview Of Chesapeake Utilities's Earnings
Portfolio Pulse from Benzinga Insights
Chesapeake Utilities (NYSE:CPK) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.56. The company's past earnings performance shows a mix of beats and misses, with the share price reacting accordingly. Shares are currently trading at $105.0, down 15.3% over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.
February 20, 2024 | 6:01 pm
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Chesapeake Utilities is expected to report an EPS of $1.56 for the upcoming quarter. Historical performance shows sensitivity to earnings beats/misses and guidance. Currently trading at $105.0, down 15.3% over the last year.
Given CPK's history of stock price sensitivity to earnings performance and guidance, a positive earnings report and optimistic future guidance could lead to a short-term increase in stock price. The current downward trend in stock price over the past year may set a low bar, enhancing the potential for a positive reaction to any favorable news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100