Earnings Outlook For KLX Energy Services Hldgs
Portfolio Pulse from Benzinga Insights
KLX Energy Services Hldgs (NASDAQ:KLXE) is scheduled to release its quarterly earnings report on March 6, 2024, with an estimated EPS of $0.01. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's past earnings performance shows a mixed record of beats and misses, with the share price reacting accordingly. Currently, KLXE shares are trading at $7.83, down 43.11% over the last 52 weeks, indicating a negative sentiment among long-term shareholders.
March 05, 2024 | 8:03 pm
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KLX Energy Services Hldgs is expected to report an EPS of $0.01 for the upcoming quarter. Past performance shows a mixed impact on stock prices post-earnings, with the current share price at $7.83, reflecting a 43.11% decrease over the last year.
Given KLXE's mixed past earnings performance and the current negative sentiment reflected in the 43.11% YTD decrease in share price, the short-term impact of the upcoming earnings report is uncertain. While an earnings beat and positive guidance could provide a boost, the recent trend suggests a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100