Warrior Met Coal (NYSE: HCC) is set to release its latest quarterly earnings report on Wednesday, February 14, 2024. Investors are eagerly awaiting this announcement and here’s what they need to know.
Analysts are estimating that Warrior Met Coal will report earnings per share (EPS) of $2.50. This figure represents the expected profit per share for the company during the quarter. Investors will be hopeful that the company not only beats this estimate but also provides positive guidance or forecasted growth for the next quarter. The guidance provided by a company can have a significant impact on its stock price.
It’s important to note that it’s not always the earnings beat or miss that affects the stock price the most, but rather the guidance provided by the company. Positive guidance can instill confidence in investors and lead to an increase in the stock price.
Looking at Warrior Met Coal’s past performance, last quarter the company beat EPS estimates by $0.45. However, the share price dropped by 1.93% the following day. This highlights the importance of considering other factors, such as guidance, when evaluating the impact of earnings reports on stock prices.
Here’s a breakdown of Warrior Met Coal’s past performance and the resulting price changes:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022
— | — | — | — | —
EPS Estimate | 1.40 | 2.02 | 2.75 | 2.52
EPS Actual | 1.85 | 1.63 | 3.57 | 1.90
Price Change % | -1.93% | -11.87% | 6.5% | -0.99%
Warrior Met Coal’s shares were trading at $60.34 as of February 12. Over the last 52 weeks, the stock has shown a positive return of 46.81%. Long-term shareholders should be satisfied with these returns leading up to the earnings release.
To stay updated on all earnings releases for Warrior Met Coal, investors can visit their earnings calendar on the Benzinga website.
Please note that this article was generated by Benzinga’s automated content engine and reviewed by an editor.
