American Coastal Earnings Preview
Portfolio Pulse from Benzinga Insights
American Coastal (NASDAQ:ACIC) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.21. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historical performance shows significant price changes post-earnings, with a 600% increase in share price over the last 52 weeks. Shares were trading at $13.76 as of February 27.
February 28, 2024 | 8:01 pm
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American Coastal is expected to report an EPS of $0.21 for the latest quarter. Historical data shows significant stock price movements post-earnings, with a 600% increase over the last year. Shares were at $13.76 on February 27.
Given American Coastal's historical performance of beating EPS estimates and the significant stock price movements following earnings reports, there is a positive outlook for the short term. The 600% increase in share price over the last year further supports a bullish sentiment among investors, potentially leading to an upward movement in stock price post-earnings, especially if the company beats the EPS estimate and provides positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100