Preview: Guess's Earnings
Portfolio Pulse from Benzinga Insights
Guess (NYSE:GES) is scheduled to release its quarterly earnings report on March 20, 2024, with an estimated EPS of $1.56. Analysts and investors are particularly focused on whether Guess will surpass this estimate and provide positive guidance for future quarters. Historical data shows that Guess's stock price is sensitive to earnings performance and guidance, with significant price movements following past earnings announcements. Shares of Guess have increased by 34.56% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
March 19, 2024 | 3:01 pm
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POSITIVE IMPACT
Guess is expected to report quarterly earnings with an estimated EPS of $1.56. Historical performance shows significant stock price movements post-earnings, with a 34.56% increase over the last year indicating positive investor sentiment.
Given Guess's historical sensitivity to earnings announcements and the positive trend in its stock price over the last year, there is a strong likelihood of a positive short-term impact on GES's stock price if the company meets or exceeds the EPS estimate and provides favorable future guidance. However, the confidence level is not at the maximum due to the unpredictable nature of market reactions and the potential for unforeseen factors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100