Earnings Preview: Myers Indus
Portfolio Pulse from Benzinga Insights
Myers Indus (NYSE:MYE) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.26. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $19.22, down 3.84% over the last year. Investors are looking for positive guidance for the next quarter, which could significantly impact the stock price.
March 04, 2024 | 2:02 pm
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Myers Indus is expected to report an EPS of $0.26 for the upcoming quarter. Historical performance shows variable stock price reactions to earnings reports. Currently, shares are down 3.84% over the last year.
Given Myers Indus's mixed historical earnings performance and the current expectation of an EPS of $0.26, the short-term impact on MYE's stock price is uncertain. However, the emphasis on future guidance by the company could sway the stock direction. The past indicates that both earnings beats and misses have led to variable stock price reactions, making it challenging to predict the immediate impact without knowing the actual earnings outcome and future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100