Earnings Preview For Golar LNG
Portfolio Pulse from Benzinga Insights
Golar LNG (NASDAQ:GLNG) is scheduled to release its quarterly earnings report on 2024-02-29, with analysts expecting an EPS of $0.47. The company's past earnings performance shows a mix of beats and misses, with the last quarter beating estimates by $0.68 and resulting in a 3.13% share price increase the following day. Shares are currently trading at $21.16, down 6.12% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 28, 2024 | 2:01 pm
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Golar LNG is expected to report an EPS of $0.47 for the upcoming quarter. The company's past performance includes both earnings beats and misses, with the last quarter's beat leading to a 3.13% increase in share price. Currently, shares are down 6.12% over the last year.
The expected EPS of $0.47 sets a benchmark for Golar LNG's performance. Given the company's history of both beating and missing estimates, the actual earnings could sway the stock price in either direction. However, the emphasis on future guidance by investors suggests that the company's outlook might have a more significant impact on the stock price than the actual earnings beat or miss. The recent downtrend in the stock price adds to the uncertainty, making it challenging to predict the short-term impact without knowing the actual earnings and guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100