KNOT Offshore Partners (NYSE:KNOP) is gearing up to announce its quarterly earnings on Wednesday, 2024-12-04. Here's a quick overview of what investors should know before the release.
Analysts are estimating that KNOT Offshore Partners will report an earnings per share (EPS) of $-0.02.
The announcement from KNOT Offshore Partners 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.
Historical Earnings Performance
During the last quarter, the company reported an EPS beat by $0.46, leading to a 9.01% drop in the share price on the subsequent day.
Here's a look at KNOT Offshore Partners's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.06 | -0.07 | 0.05 | -0.07 |
| EPS Actual | 0.40 | 0.22 | -0.16 | 0.37 |
| Price Change % | -9.0% | 6.0% | -2.0% | 9.0% |
KNOT Offshore Partners Share Price Analysis
Shares of KNOT Offshore Partners were trading at $5.76 as of December 02. Over the last 52-week period, shares are up 3.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for KNOT Offshore Partners visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
