OneConnect Financial Tech's Earnings Outlook
Portfolio Pulse from Benzinga Insights
OneConnect Financial Tech (NYSE:OCFT) is scheduled to release its quarterly earnings report on March 18, 2024, with analysts expecting an EPS of $-1.62. The company's past earnings performance shows mixed results, with the last quarter missing EPS estimates by $0.34 but resulting in a 5.61% share price increase the following day. Over the last year, OCFT shares have declined by 53.96%, indicating a bearish outlook from long-term shareholders.
March 15, 2024 | 2:01 pm
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OneConnect Financial Tech is expected to report an EPS of $-1.62 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a notable decline of 53.96% over the last year.
Given OCFT's mixed historical earnings performance and the significant decline in stock price over the past year, the upcoming earnings report could maintain the current stock price level, assuming no major negative surprises. The focus will likely be on the company's guidance for future growth, which could sway investor sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100