Envestnet Earnings Preview
Portfolio Pulse from Benzinga Insights
Envestnet (NYSE:ENV) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $0.53. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for future growth. Envestnet's past earnings performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. Over the last year, Envestnet's shares have decreased by 21.78%, indicating potential concerns among long-term shareholders.
February 21, 2024 | 3:01 pm
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NEUTRAL IMPACT
Envestnet is expected to report an EPS of $0.53 for the upcoming quarter, with a focus on beating this estimate and providing positive future guidance. The company's history of beating EPS estimates but experiencing subsequent share price drops, combined with a 21.78% decline in shares over the past year, may influence investor sentiment.
Given Envestnet's history of beating EPS estimates but experiencing subsequent share price drops, the upcoming earnings report could have a neutral to slightly negative impact on the stock price in the short term. The anticipation of positive future guidance could counterbalance concerns over past performance and the overall decline in share price over the last year. However, investor sentiment may remain cautious due to the consistent post-earnings price drops observed in previous quarters.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100