Calumet Specialty Prods (NASDAQ:CLMT) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Calumet Specialty Prods will report an earnings per share (EPS) of $-0.34.
The market awaits Calumet Specialty Prods's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Earnings Track Record
In the previous earnings release, the company beat EPS by $0.07, leading to a 0.0% drop in the share price the following trading session.
Here's a look at Calumet Specialty Prods's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.55 | -0.67 | -0.39 | 0.26 |
| EPS Actual | -0.48 | -0.51 | -0.59 | 1.26 |
| Price Change % | 16.0% | -1.0% | -4.0% | 5.0% |
Performance of Calumet Specialty Prods Shares
Shares of Calumet Specialty Prods were trading at $19.6 as of November 06. Over the last 52-week period, shares are up 35.22%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Calumet Specialty Prods visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
