Tennant (TNC) is set to release its latest quarterly earnings report on Thursday, February 22, 2024. Investors are eagerly anticipating this announcement to see how the company has performed and what guidance they will provide for the future.
Analysts are estimating that Tennant will report earnings per share (EPS) of $1.26. Investors who are bullish on Tennant will be hoping to hear that the company not only beats this estimate but also provides positive guidance for the next quarter. It is important to note that sometimes it is not just the earnings beat or miss that affects the stock price, but also the guidance provided by the company.
Looking back at Tennant’s historical earnings performance, we can see that last quarter, the company beat EPS by $0.19, which resulted in a 6.99% increase in the share price the following day. This shows that earnings performance can have a significant impact on stock prices.
In terms of stock performance, Tennant’s shares were trading at $102.18 as of February 20. Over the last 52-week period, shares are up 39.6%, which is a positive sign for long-term shareholders. These returns indicate that investors are likely bullish going into this earnings release.
To stay updated on all earnings releases for Tennant, investors can visit their earnings calendar on the Benzinga website. This article was generated by Benzinga’s automated content engine and reviewed by an editor.
In conclusion, investors should keep a close eye on Tennant’s earnings report and guidance for insights into the company’s financial health and future prospects.
