Earnings Preview: Arcos Dorados Holdings
Portfolio Pulse from Benzinga Insights
Arcos Dorados Holdings (NYSE:ARCO) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.31. Historical data shows mixed reactions to past earnings, with a notable 1.31% drop after last quarter's beat. Shares have risen 49.3% over the past year, indicating positive sentiment among long-term investors.
March 12, 2024 | 3:00 pm
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Arcos Dorados Holdings is expected to report an EPS of $0.31 in its upcoming earnings, with historical performance showing mixed stock price reactions to past earnings reports.
Given the historical performance where ARCO's stock price showed mixed reactions to earnings beats and misses, the short-term impact is uncertain. The positive yearly stock performance and anticipation of beating the EPS estimate could lean towards a positive reaction, but past data suggests caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100