Pembina Pipeline Earnings Preview
Portfolio Pulse from Benzinga Insights
Pembina Pipeline (NYSE:PBA) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts expecting an EPS of $0.63. Despite past earnings misses, the company's stock price has generally reacted positively to earnings announcements. Shares are currently trading at $33.65, reflecting a 1.62% increase over the last 52 weeks. Investors are particularly focused on the company's guidance for future growth.
February 21, 2024 | 3:02 pm
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POSITIVE IMPACT
Pembina Pipeline is expected to report an EPS of $0.63 for the latest quarter. Historical data shows positive stock price reactions to earnings announcements, despite occasional misses.
Given Pembina Pipeline's history of positive stock price reactions following earnings announcements, even after missing EPS estimates, there's a strong likelihood of a positive short-term impact on PBA's stock price. The anticipation of future guidance, which is a significant factor for investors, further supports this outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100