Earnings Preview: OPAL Fuels
Portfolio Pulse from Benzinga Insights
OPAL Fuels (NASDAQ:OPAL) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.17. Despite past earnings misses, the stock price increased following the last report. Over the past year, OPAL shares have declined by 31.62%. Investors are looking for a beat on the EPS estimate and positive guidance for future growth.
March 12, 2024 | 5:00 pm
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OPAL Fuels is expected to report an EPS of $0.17 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with a recent share price increase despite an EPS miss. Shares have decreased by 31.62% over the last year.
The expected EPS of $0.17 sets a benchmark for OPAL's performance. Historical data indicates that OPAL's stock price can react positively even if earnings miss estimates, suggesting a complex investor sentiment. The significant yearly decline in share price highlights the importance of this earnings report for potential recovery or further decline. However, the mixed historical reaction to earnings reports introduces uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100