Canadian Natural Res's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Canadian Natural Resources (NYSE:CNQ) is scheduled to release its quarterly earnings report on February 29, 2024. Analysts predict an EPS of $1.60. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $66.11, reflecting a 12.11% increase over the last year. Investors are advised to pay attention to the company's guidance for future growth, as it can significantly impact the stock price.
February 28, 2024 | 2:00 pm
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Canadian Natural Resources (CNQ) is anticipated to report an EPS of $1.60 in its upcoming earnings. Historical data shows variable stock price reactions to earnings reports. Currently, shares have risen 12.11% over the past year.
The expected EPS of $1.60 and historical performance suggest a neutral short-term impact. The stock's reaction to past earnings has been mixed, indicating that the upcoming report might not lead to significant price movement. However, guidance provided during the earnings call could influence the stock's direction. The 12.11% YOY increase in share price reflects positive investor sentiment, but the actual earnings result and future outlook will be key factors to watch.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100