A Preview Of Albany Intl's Earnings
Portfolio Pulse from Benzinga Insights
Albany Intl (NYSE:AIN) is scheduled to release its quarterly earnings report on Monday, 2024-02-26, with analysts estimating an EPS of $0.82. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, Albany Intl's share price has reacted negatively to past earnings reports, despite beating EPS estimates. Shares are currently trading at $91.75, down 9.95% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 23, 2024 | 2:01 pm
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NEGATIVE IMPACT
Albany Intl is expected to report an EPS of $0.82 for the quarter. Historical data shows negative price reactions post-earnings, despite beating estimates. Shares are down 9.95% over the last year, indicating bearish sentiment.
Given the historical negative reaction to earnings reports and the current downward trend in share price, it's likely that AIN's stock may experience short-term volatility or decline post-earnings, especially if the report fails to exceed expectations or if the future guidance is not strong.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100