Earnings Preview: Cactus
Portfolio Pulse from Benzinga Insights
Cactus (NYSE:WHD) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.69. Investors are keen on not just the earnings beat but also the forward guidance. Despite a miss in the last quarter's EPS, the stock price increased by 1.28% the following day. Historical performance shows mixed reactions to past earnings reports. Currently, WHD shares are trading at $45.18, marking a 2.03% decline over the last year.
February 27, 2024 | 3:02 pm
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NEUTRAL IMPACT
Cactus is expected to report an EPS of $0.69 for the upcoming quarter. Historical data shows mixed stock price reactions to earnings reports. Currently, shares are down 2.03% over the last year.
The anticipation of Cactus's earnings report and its estimated EPS of $0.69 are crucial for investors. Historical performance indicates that the company's stock price can react variably to earnings reports. Given the slight decline in share price over the past year, the upcoming earnings announcement could either help in recovering some losses or further disappoint investors. The importance is high as earnings reports are significant events for stock performance, but the score is neutral due to the unpredictability of market reactions to earnings announcements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100