Earnings Preview For Altair Engineering
Portfolio Pulse from Benzinga Insights
Altair Engineering (NASDAQ:ALTR) is expected to report an EPS of $0.41 in its upcoming quarterly earnings on 2024-02-22. Historically, the company has surpassed EPS estimates, leading to significant share price movements. Last quarter, ALTR beat the EPS estimate by $0.10, resulting in an 11.22% share price increase the following day. Over the last year, ALTR shares have risen by 55.28%, trading at $87.84 as of February 19.
February 21, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Altair Engineering is anticipated to report a quarterly EPS of $0.41, with historical performance indicating potential for positive stock movement upon beating estimates.
Given Altair Engineering's history of surpassing EPS estimates and the subsequent positive stock price reactions, there is a strong likelihood of a similar outcome if the company beats the EPS estimate again. The historical data provided shows a clear correlation between earnings performance and stock price movement, suggesting investor confidence in the company's financial health. Additionally, the overall positive trend in the stock's performance over the past year further supports the potential for short-term positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100