Earnings Preview: Baytex Energy
Portfolio Pulse from Benzinga Insights
Baytex Energy (NYSE:BTE) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $0.12. 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 earnings performance and a general negative trend in stock price over the last year, with shares down 11.17%.
February 27, 2024 | 7:01 pm
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Baytex Energy is expected to report an EPS of $0.12 for the upcoming quarter. Historical performance shows a sensitivity to earnings reports and guidance, with a general downtrend in stock price over the past year.
Given the expected EPS and the historical sensitivity of BTE's stock price to earnings reports and guidance, the short-term impact is neutral. The stock's reaction will likely depend on whether BTE meets or exceeds the EPS estimate and the nature of its future guidance. Historical data indicates that the stock price has experienced both increases and decreases following earnings reports, suggesting a mixed reaction is possible.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100