Earnings Preview: Enerpac Tool Group
Portfolio Pulse from Benzinga Insights
Enerpac Tool Group (NYSE:EPAC) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts expecting an EPS of $0.36. The company's past earnings performance shows a history of beating EPS estimates, which has generally led to positive stock price movements the following day. Shares of EPAC have increased by 33.78% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders ahead of the earnings announcement.
March 19, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Enerpac Tool Group is expected to report an EPS of $0.36 for the upcoming quarter, with a history of beating estimates and positive stock price reactions following earnings announcements.
Given EPAC's history of exceeding EPS estimates and the positive stock price reactions that typically follow, there is a strong likelihood of a positive short-term impact on EPAC's stock price if the company beats the EPS estimate again and provides optimistic guidance for the future.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100