Earnings Outlook For Babcock & Wilcox
Portfolio Pulse from Benzinga Insights
Babcock & Wilcox (NYSE:BW) is scheduled to release its quarterly earnings report on March 14, 2024, with an expected EPS of $-0.03. Analysts and investors are keen on whether the company will surpass this estimate and provide positive future guidance. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops. Currently, BW's shares are trading at $1.24, marking a 78.22% decline over the last year, indicating long-term shareholder dissatisfaction.
March 13, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Babcock & Wilcox is expected to report an EPS of $-0.03 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, significantly impacting the stock price negatively.
Given Babcock & Wilcox's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it's likely that any failure to meet or exceed the expected EPS of $-0.03 could lead to further declines in the short term. The significant drop in share price following past earnings reports, combined with the overall 78.22% decline over the last year, underscores the importance of this earnings release for investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100