SKF SKFRY is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.
Analysts are estimating that SKF will report an earnings per share (EPS) of $0.35.
Investors in SKF are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
Past Earnings Performance
During the last quarter, the company reported an EPS beat by $0.09, leading to a 4.15% drop in the share price on the subsequent day.
Here's a look at SKF's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.43 | 0.40 | 0.35 |
| EPS Actual | 0.49 | 0.46 | 0.34 | 0.42 |
| Price Change % | -4.0% | 2.0% | 2.0% | -0.0% |
Stock Performance
Shares of SKF were trading at $19.14 as of October 28. Over the last 52-week period, shares are up 18.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for SKF visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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