Earnings Outlook For Riley Exploration Permian
Portfolio Pulse from Benzinga Insights
Riley Exploration Permian (AMEX:REPX) is anticipated to release its quarterly earnings report on 2024-03-06, with analysts estimating an EPS of $1.60. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops the following day. Shares are currently trading at $23.96, reflecting a 27.89% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
March 05, 2024 | 4:01 pm
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NEGATIVE IMPACT
Riley Exploration Permian is expected to report an EPS of $1.60 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, affecting stock prices negatively.
Given REPX's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it's likely that if the trend continues, the stock price may experience a short-term decline. The anticipation of the earnings report and the investors' focus on future guidance further underscore the importance of this event for REPX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100