Adams Resources & Energy's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Adams Resources & Energy (AMEX:AE) is expected to report a Q4 earnings per share (EPS) of $-0.08 on March 13, 2024. Analysts and investors are keen on whether AE will surpass this estimate and provide positive guidance for the next quarter. The company's past earnings performance shows a trend of not meeting EPS estimates, leading to significant share price drops. Currently, AE shares are trading at $25.42, marking a 48.44% decrease over the last 52 weeks, indicating investor concern ahead of the earnings report.
March 12, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Adams Resources & Energy is anticipated to report a Q4 EPS of $-0.08. Past performance shows a trend of not meeting EPS estimates, affecting share prices negatively. Shares are currently down 48.44% over the last year.
Given AE's history of not meeting EPS estimates and the subsequent negative impact on its share price, it's likely that any failure to meet or exceed the current EPS estimate could lead to further declines in the short term. The significant yearly decline in share price already indicates investor concern, which could be exacerbated by another disappointing earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100