Baytex Energy BTE is set to give its latest quarterly earnings report on Thursday, 2023-07-27. Here's what investors need to know before the announcement.
Analysts estimate that Baytex Energy will report an earnings per share (EPS) of $0.09.
Baytex Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed EPS by $0.03, which was followed by a 3.49% increase in the share price the next day.
Stock Performance
Shares of Baytex Energy were trading at $3.67 as of July 25. Over the last 52-week period, shares are down 12.0%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Baytex Energy 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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