Karooooo's Earnings: A Preview

Karooooo KARO is set to give its latest quarterly earnings report on Monday, 2024-10-14. Here's what investors need to know before the announcement.

Analysts estimate that Karooooo will report an earnings per share (EPS) of $0.39.

Karooooo 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).

Performance in Previous Earnings

Last quarter the company beat EPS by $0.02, which was followed by a 0.65% increase in the share price the next day.

Here's a look at Karooooo's past performance and the resulting price change:

Tracking Karooooo's Stock Performance

Shares of Karooooo were trading at $39.65 as of October 10. Over the last 52-week period, shares are up 60.0%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Karooooo visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.