A Preview Of PHX Minerals's Earnings
Portfolio Pulse from Benzinga Insights
PHX Minerals (NYSE:PHX) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $0.04. The company's past earnings performance shows mixed results, with the last quarter missing EPS estimates by $0.00, leading to a 4.55% drop in share price. Over the last year, PHX shares have increased by 14.77%, trading at $3.04 as of March 08. Investors are looking for not only an earnings beat but also positive guidance for the next quarter.
March 11, 2024 | 4:01 pm
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NEUTRAL IMPACT
PHX Minerals is expected to report an EPS of $0.04 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with the last quarter's miss leading to a 4.55% drop. Shares have risen 14.77% over the past year.
The expected EPS of $0.04 sets a cautious outlook for PHX Minerals, considering its mixed historical earnings performance. The last quarter's miss and subsequent price drop indicate sensitivity to earnings reports, but the overall positive yearly stock performance suggests underlying investor confidence. The short-term impact is neutral, as positive guidance could offset potential disappointment from not exceeding EPS expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100