Earnings Preview For Westport Fuel Systems
Portfolio Pulse from Benzinga Insights
Westport Fuel Systems (NASDAQ:WPRT) is scheduled to release its quarterly earnings report on Monday, 2024-03-25, with analysts expecting an EPS of $-0.51. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.06 but resulting in a 1.45% share price increase the following day. Over the last year, WPRT shares have declined by 28.32%, indicating a bearish sentiment among long-term shareholders ahead of this earnings release.
March 22, 2024 | 2:01 pm
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Westport Fuel Systems is expected to report an EPS of $-0.51 for the latest quarter. Historical data shows mixed reactions to past earnings, with a notable 28.32% decline in share price over the last year.
Given the expected EPS and historical performance, the short-term impact on WPRT's stock price could be neutral. While past earnings have shown mixed reactions, the overall bearish sentiment and the 28.32% decline over the past year suggest that unless the earnings significantly beat expectations or positive guidance is provided, the impact might be muted.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100