A Preview Of Ardagh Metal Packaging's Earnings
Portfolio Pulse from Benzinga Insights
Ardagh Metal Packaging (NYSE:AMBP) is scheduled to release its quarterly earnings report on 2024-02-22, with analysts estimating an EPS of $0.04. The company's past performance shows a mixed reaction to earnings reports, with the last quarter's EPS beat resulting in a 3.5% share price increase. Shares are currently trading at $3.86, down 24.61% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 21, 2024 | 2:01 pm
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NEUTRAL IMPACT
Ardagh Metal Packaging is expected to report an EPS of $0.04 for the upcoming quarter. Historical data shows that earnings beats or misses can influence stock price, with the last beat resulting in a 3.5% increase. Currently, shares are down 24.61% over the past year.
Given AMBP's mixed historical performance post-earnings and the current bearish sentiment indicated by the 24.61% decline over the past year, the short-term impact is uncertain. The company's ability to beat the EPS estimate again and provide positive guidance could influence the stock positively, but the overall bearish trend may limit significant upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100