Adams Resources & Energy AE is set to give its latest quarterly earnings report on Tuesday, 2024-11-12. Here's what investors need to know before the announcement.
Analysts estimate that Adams Resources & Energy will report an earnings per share (EPS) of $-0.28.
Investors in Adams Resources & Energy 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.
Earnings Track Record
Last quarter the company missed EPS by $0.70, which was followed by a 3.19% drop in the share price the next day.
Here's a look at Adams Resources & Energy's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.17 | -0.33 | -0.08 | 0.15 |
| EPS Actual | -0.87 | -0.19 | 0.03 | -0.72 |
| Price Change % | -3.0% | -1.0% | -1.0% | -3.0% |
Adams Resources & Energy Share Price Analysis
Shares of Adams Resources & Energy were trading at $28.3 as of November 08. Over the last 52-week period, shares are down 7.5%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
