Preview: Golden Ocean Group's Earnings
Portfolio Pulse from Benzinga Insights
Golden Ocean Group (NASDAQ:GOGL) is anticipated to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $0.27. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with minor share price movements. Currently, GOGL shares have risen 15.19% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 27, 2024 | 6:01 pm
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Golden Ocean Group is expected to report quarterly earnings with an EPS of $0.27. Historical performance and current share price trend suggest a positive outlook.
Given the anticipation of a positive earnings report and the historical positive share price trend, GOGL is likely to see a short-term positive impact. The company's past ability to beat EPS estimates and the general bullish sentiment among long-term shareholders further support this outlook. However, as the article suggests, the guidance provided will be crucial in determining the stock's immediate direction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100