Preview: Permian Resources's Earnings
Portfolio Pulse from Benzinga Insights
Permian Resources (NYSE:PR) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $0.32. The company's past earnings performance shows a mix of misses and beats, with the stock price reacting accordingly. Shares have been trading at $15.05 as of February 23, reflecting a 38.07% increase over the last 52 weeks. Investors are advised to pay attention to both the earnings outcome and the company's future guidance.
February 26, 2024 | 3:01 pm
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Permian Resources is expected to report an EPS of $0.32 for the latest quarter. Historical performance shows variable reactions to earnings reports. Shares have risen 38.07% over the last year.
The expected EPS of $0.32 sets a cautious tone, given PR's history of mixed earnings performance. The stock's positive year-to-date gain suggests investor optimism, but past earnings indicate that the company's report could sway the stock price in either direction. The emphasis on future guidance as a significant price driver further adds to the uncertainty, making it challenging to predict the short-term impact accurately.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100