Acme United ACU is gearing up to announce its quarterly earnings on Friday, 2024-10-18. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Acme United will report an earnings per share (EPS) of $0.72.
The announcement from Acme United is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Past Earnings Performance
In the previous earnings release, the company beat EPS by $0.15, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Acme United's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.94 | 0.59 | 0.55 | 0.70 |
| EPS Actual | 1.09 | 0.39 | 0.40 | 0.58 |
| Price Change % | 4.0% | -10.0% | -7.000000000000001% | 3.0% |
Market Performance of Acme United's Stock
Shares of Acme United were trading at $44.45 as of October 16. Over the last 52-week period, shares are up 53.38%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Acme United 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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