Earnings Preview For Ring Energy
Portfolio Pulse from Benzinga Insights
Ring Energy (AMEX:REI) is scheduled to release its quarterly earnings report on March 7, 2024, with analysts expecting an EPS of $0.12. The company's past earnings performance shows a mix of beats and misses, with share price reactions varying accordingly. Over the last year, REI shares have declined by 29.4%, indicating potential investor concern ahead of the earnings announcement.
March 06, 2024 | 4:01 pm
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Ring Energy is expected to report an EPS of $0.12 for the upcoming quarter. Historical performance shows mixed results, with the stock price experiencing both increases and decreases post-earnings. Over the past year, the stock has declined by 29.4%.
The expected EPS of $0.12 aligns with Ring Energy's recent performance, suggesting potential stability. However, the stock's 29.4% decline over the past year indicates underlying investor concerns that could temper any positive reaction to the earnings report. Historical data shows that the company's stock price can react negatively even to earnings beats, making the short-term impact of the upcoming report uncertain.
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