Earnings Outlook For Futu Holdings
Portfolio Pulse from Benzinga Insights
Futu Holdings (NASDAQ:FUTU) is scheduled to release its quarterly earnings report on March 14, 2024, with an estimated EPS of $0.96. Historically, the company has had mixed results in beating EPS estimates, with the last quarter showing a $0.06 beat but a 0.0% change in share price the following day. Over the past year, FUTU shares have increased by 38.79%, trading at $64.02 as of March 12. Investors are looking for not only an earnings beat but also positive guidance for future growth.
March 13, 2024 | 2:05 pm
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Futu Holdings is expected to report an EPS of $0.96 for the upcoming quarter. Historical data shows mixed reactions to earnings reports, with the stock price sometimes moving independently of earnings beats or misses. The company's stock has seen a 38.79% increase over the past year.
Given the positive historical stock performance and the anticipation of an earnings beat coupled with positive future guidance, FUTU's stock is likely to see a short-term positive impact. However, the actual movement will heavily depend on the reported earnings and the guidance provided by the company.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100