Earnings Preview: Sitio Royalties
Portfolio Pulse from Benzinga Insights
Sitio Royalties (NYSE:STR) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $0.16. Analysts and investors are particularly interested in the company's guidance for future growth. Sitio Royalties' past earnings performance shows a mix of misses and beats, with the stock price reacting accordingly. Currently, shares are trading at $21.78, reflecting a 9.38% decline over the last 52 weeks.
February 27, 2024 | 5:01 pm
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Sitio Royalties is expected to report an EPS of $0.16 for the upcoming quarter, with significant attention on its future guidance. The stock has experienced a 9.38% decline over the past year, indicating potential volatility around the earnings announcement.
Given Sitio Royalties' mixed past earnings performance and the significant interest in its future guidance, the upcoming earnings report could introduce volatility to its stock price. The recent 9.38% decline in share price over the past year further underscores the importance of this earnings announcement for investors, potentially leading to neutral short-term price movement as the market awaits clear signals of future performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100