A Look Ahead: Koninklijke Philips's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Koninklijke Philips (NYSE:PHG) is set to release its quarterly earnings on October 28, 2024. Analysts expect an EPS of $0.38. Investors are keen on whether the company will surpass estimates and provide favorable guidance, as these factors can significantly impact stock prices. Historically, even when Philips beat EPS estimates, the stock price sometimes declined.
October 25, 2024 | 2:01 pm
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Koninklijke Philips is expected to announce its quarterly earnings with an EPS forecast of $0.38. Investors are focused on whether the company will exceed expectations and provide positive guidance, which could influence stock price movements.
The upcoming earnings release is crucial for Philips as it could affect investor sentiment and stock price. Historical data shows that even when Philips beat EPS estimates, the stock price sometimes fell, indicating that guidance and market expectations play a significant role.
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