A Preview Of Mammoth Energy Services's Earnings
Portfolio Pulse from Benzinga Insights
Mammoth Energy Services (NASDAQ:TUSK) is expected to report a Q4 earnings per share (EPS) of $-0.09 on March 1, 2024. Analysts and investors are keen on whether TUSK will surpass this estimate and provide positive guidance for the next quarter. Despite past earnings misses, TUSK's stock price has shown varied responses. Currently, shares are trading at $3.71, marking a 33.15% decline over the last year. This performance sets a cautious tone for long-term shareholders ahead of the earnings announcement.
February 29, 2024 | 2:01 pm
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Mammoth Energy Services is anticipated to report a Q4 EPS of -$0.09, with investor focus on earnings beat and future guidance. The stock has declined 33.15% over the past year, indicating potential volatility around the earnings release.
Given TUSK's past performance, with mixed responses to earnings misses and beats, the short-term impact of the upcoming earnings report is uncertain. The anticipation of beating the EPS estimate and providing positive future guidance could potentially uplift the stock. However, the significant decline over the past year and historical volatility post-earnings suggest a cautious outlook. The score is neutral due to these conflicting indicators.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100