Earnings Outlook For Corporacion America
Portfolio Pulse from Benzinga Insights
Corporacion America (NYSE:CAAP) is scheduled to release its quarterly earnings report on March 20, 2024. Analysts predict an EPS of $0.29. The company's past earnings performance shows a mix of hits and misses, with the last quarter missing estimates by $0.05, leading to a 5.39% share price drop. Over the last year, CAAP shares have increased by 66.09%, trading at $15.09 as of March 18. Investors are advised to watch for the company's guidance for future growth, which can significantly impact stock price.
March 19, 2024 | 2:01 pm
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NEUTRAL IMPACT
Corporacion America is expected to report an EPS of $0.29 for the upcoming quarter. Historical performance shows sensitivity to earnings reports and guidance, with a notable 5.39% drop after last quarter's miss. Shares have risen 66.09% over the past year.
Given CAAP's past sensitivity to earnings reports and guidance, the upcoming report could sway the stock price. However, the positive yearly performance may buffer negative impacts. The score is neutral due to mixed historical reactions and the uncertainty of future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100