W&T Offshore Earnings Preview
Portfolio Pulse from Benzinga Insights
W&T Offshore (NYSE:WTI) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $0.01. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to varying stock price reactions. Shares of W&T Offshore have declined 48.42% over the last 52 weeks, indicating potential investor concern ahead of the earnings announcement.
March 04, 2024 | 4:01 pm
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W&T Offshore is expected to report an EPS of $0.01 for the upcoming quarter. Historical performance shows mixed results in beating EPS estimates, affecting stock price movements. The stock has experienced a significant decline over the past year.
Given W&T Offshore's mixed history of beating and missing EPS estimates, the short-term impact on its stock price is uncertain. The anticipation of the earnings report may cause volatility, but the direction is unclear without knowing if they will meet, exceed, or miss expectations. The significant yearly decline in stock price suggests investor caution, potentially limiting any positive short-term impact unless the earnings report significantly exceeds expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100