CNFinance Hldgs's Earnings Outlook
Portfolio Pulse from Benzinga Insights
CNFinance Hldgs (NYSE:CNF) is scheduled to release its quarterly earnings report on March 28, 2024, with an expected EPS of $0.01. Historical data shows the company has previously beaten EPS estimates but experienced share price drops the following day. Over the last year, CNF shares have declined by 5.83%, indicating a bearish outlook among long-term shareholders.
March 27, 2024 | 5:02 pm
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CNFinance Hldgs is expected to report an EPS of $0.01 for the upcoming quarter. Historical performance shows a pattern of share price decline following earnings announcements, despite beating estimates.
Given CNFinance Hldgs's history of share price declines following earnings beats and the overall negative performance over the past year, it's likely that the upcoming earnings report could lead to a short-term decrease in share price. This pattern, combined with the bearish sentiment among long-term shareholders, suggests a negative impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100