American Res Earnings Preview
Portfolio Pulse from Benzinga Insights
American Res (NASDAQ:AREC) is scheduled to release its quarterly earnings report on March 28, 2024. Analysts predict an EPS of $-0.04. The company's performance in this report, especially any positive guidance for future growth, could significantly impact its stock price. Historically, AREC's stock rose 30.89% the day after beating EPS estimates last quarter. Currently, shares are trading at $1.35, with a 0.71% decline over the past 52 weeks, indicating potential concern among long-term shareholders.
March 27, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
American Res is anticipated to report an EPS of $-0.04 in its upcoming earnings. Last quarter's beat resulted in a significant stock price increase. Current share price trends and historical performance suggest potential volatility post-earnings.
Given AREC's history of stock price increase following a positive earnings surprise last quarter, a similar or better-than-expected report could lead to a positive short-term price movement. However, the overall negative trend over the past year and the specific mention of long-term shareholder concerns indicate a cautious optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100