Earnings Outlook For Copart
Portfolio Pulse from Benzinga Insights
Copart (NASDAQ:CPRT) is scheduled to release its quarterly earnings report on Thursday, 2024-02-22, with analysts expecting an EPS of $0.35. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of Copart have increased by 40.03% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders ahead of the earnings announcement.
February 21, 2024 | 5:01 pm
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Copart is expected to report an EPS of $0.35 for the quarter, with a history of beating estimates. Shares have risen 40.03% over the past year, indicating positive investor sentiment.
Given Copart's history of beating EPS estimates and the positive stock performance over the past year, there is a strong likelihood of a positive short-term impact on CPRT's stock price following the earnings announcement. The anticipation of positive guidance for the next quarter could further bolster investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100