A Preview Of Energy Vault Holdings's Earnings
Portfolio Pulse from Benzinga Insights
Energy Vault Holdings (NYSE:NRGV) is scheduled to release its quarterly earnings report on March 12, 2024, with analysts expecting an EPS of $-0.11. The company's past performance shows a pattern of beating EPS estimates, leading to significant share price movements. Shares are currently trading at $1.99, down 12.78% over the last year. Investors are keen on the upcoming earnings and particularly the company's guidance for future growth.
March 11, 2024 | 4:01 pm
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POSITIVE IMPACT
Energy Vault Holdings is expected to report an EPS of $-0.11 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, positively impacting its stock price. Currently, shares are down 12.78% over the last year, indicating investor anticipation for the earnings report and future guidance.
Given Energy Vault Holdings' history of beating EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term impact on NRGV's stock price if the company beats the EPS estimate again and provides optimistic future guidance. However, the current year-to-date performance indicates a cautious market sentiment, which could moderate the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100