A Preview Of First Busey's Earnings
Portfolio Pulse from Benzinga Insights
First Busey (NASDAQ:BUSE) is set to announce its quarterly earnings on October 22, 2024. Analysts expect an EPS of $0.54. The market is optimistic about the company surpassing estimates and providing positive guidance. Historically, First Busey's earnings have impacted its stock price, with a recent pattern of price drops despite beating estimates.
October 21, 2024 | 6:01 pm
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First Busey is expected to announce its earnings with an EPS estimate of $0.54. The market is hopeful for positive surprises and guidance, which could drive stock prices. Historically, even when beating estimates, the stock has seen price drops.
The upcoming earnings announcement is crucial for First Busey as it could influence short-term stock price movements. Despite past instances where the company beat EPS estimates, the stock price dropped, indicating that investors may be looking for more than just meeting or slightly exceeding expectations. Positive guidance could be a key factor in driving the stock price up.
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