Earnings Preview: ProFrac Holding
Portfolio Pulse from Benzinga Insights
ProFrac Holding (NASDAQ:ACDC) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.02. Despite past earnings misses, the company's stock price has shown varied responses to earnings reports. Shares are currently trading at $7.82, reflecting a 46.54% decline over the last year. Investors are looking for positive guidance for the next quarter.
March 12, 2024 | 2:01 pm
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NEUTRAL IMPACT
ProFrac Holding is expected to report an EPS of $0.02 for the upcoming quarter. Historical performance shows mixed stock price reactions to earnings reports. Currently, the stock is down 46.54% over the past year.
Given ProFrac Holding's mixed historical earnings performance and the current downward trend in its stock price, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise and guidance could provide a boost, the stock's recent performance suggests investors may remain cautious.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100