Grindrod Shipping Hldgs GRIN is set to give its latest quarterly earnings report on Wednesday, 2022-11-16. Here's what investors need to know before the announcement.
Analysts estimate that Grindrod Shipping Hldgs will report an earnings per share (EPS) of $1.83.
Grindrod Shipping Hldgs bulls will hope to hear the company to 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).
Here's a look at Grindrod Shipping Hldgs's past performance and the resulting price change:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.08 | |||
| EPS Actual | 2.74 | 1.56 | 2.75 | 2.28 |
| Price Change % | 13.2% | -6.53% | 19.38% | 3.84% |
Stock Performance
Shares of Grindrod Shipping Hldgs were trading at $25.89 as of November 14. Over the last 52-week period, shares are up 91.29%. Given that these returns are generally positive, long-term shareholders are likely bullish 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.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
