Earnings Preview: FreightCar America
Portfolio Pulse from Benzinga Insights
FreightCar America (NASDAQ:RAIL) is scheduled to release its quarterly earnings report on March 18, 2024, with an estimated EPS of $-0.01. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant price changes. Shares of FreightCar America have been trading at $3.16 as of March 14, reflecting a 2.75% decrease over the last 52 weeks.
March 15, 2024 | 2:01 pm
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FreightCar America is expected to report an EPS of $-0.01 for the upcoming quarter. Historical performance shows sensitivity to earnings reports and guidance, with shares currently at $3.16, down 2.75% over the last year.
Given FreightCar America's history of not meeting EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is crucial. However, the exact impact of the report will depend on whether the company meets or exceeds the EPS estimate and the nature of the guidance provided. The historical data suggests a pattern where the stock price is sensitive to earnings performance and guidance, indicating potential volatility around the earnings release.
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IMPORTANCE 90
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