Preview: Flotek Industries's Earnings
Portfolio Pulse from Benzinga Insights
Flotek Industries (NYSE:FTK) is scheduled to release its quarterly earnings report on March 12, 2024, with an estimated EPS of $0.09. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in an 11.27% drop. Shares are currently trading at $2.79, down 53.47% over the last year, indicating a bearish sentiment among long-term shareholders.
March 11, 2024 | 4:01 pm
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Flotek Industries is expected to report an EPS of $0.09 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with the last beat followed by a significant stock price drop. Currently trading at $2.79, down significantly over the past year.
Given the historical negative reaction to earnings beats and the overall bearish sentiment indicated by the 53.47% decline in share price over the last year, it's likely that any deviation from expected results, especially if negative, could lead to a further decrease in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100