Earnings Preview For KNOT Offshore Partners
Portfolio Pulse from Benzinga Insights
KNOT Offshore Partners (NYSE:KNOP) is scheduled to release its quarterly earnings report on 2024-02-26, with analysts expecting an EPS of $0.05. The company's past performance shows a tendency to beat EPS estimates, which has previously led to positive stock price movements. Shares are currently trading at $5.5, down 12.44% over the last year. Investors will be keenly watching for both the earnings outcome and the company's future guidance.
February 23, 2024 | 6:02 pm
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KNOT Offshore Partners is expected to report an EPS of $0.05 for the quarter. Historical performance suggests potential for a positive surprise, which could influence stock movement.
Given KNOP's history of beating EPS estimates and the subsequent positive impact on its stock price, there's a reasonable expectation of a short-term positive movement if the trend continues. However, the overall negative yearly performance indicates that broader market sentiment and long-term trends should also be considered.
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