New Fortress Energy's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
New Fortress Energy (NASDAQ:NFE) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $0.78. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares were trading at $31.82 as of February 27, marking a 6.89% decline over the last 52 weeks. Investors are likely focused on both the earnings outcome and the company's future guidance.
February 28, 2024 | 4:01 pm
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New Fortress Energy is expected to announce its quarterly earnings with an anticipated EPS of $0.78. Historical performance shows variability in stock price reactions post-earnings. Currently, shares are down 6.89% over the past year.
Given the mixed historical earnings performance and the current negative year-to-date return, the short-term impact on NFE's stock price is uncertain. While an earnings beat could provide a positive boost, the overall bearish sentiment and the emphasis on future guidance suggest a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100