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Earnings Reports Preview for November 13, 2024

The report highlights upcoming earnings expectations for several companies, showcasing a mix of forecasts for EPS and some quarterly performance. Companies such as CyberArk and Tower Semiconductor indicate mixed results, which could influence investor sentiment leading to potential stock price fluctuations.

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AI Rating:   4

This report provides crucial insights into the upcoming earnings announcements of various companies scheduled for November 13, 2024. Analyzing the earnings per share (EPS) forecasts reveals several key trends that may significantly affect investor decisions.

CyberArk Software Ltd. (CYBR) anticipates an EPS of $-0.40, marking a notable decrease of 29.03% compared to the previous year’s quarter. With a historical record of beating expectations, the drastic drop in earnings could lead to negative market reactions.

Tower Semiconductor Ltd. (TSEM) expects an EPS of $0.45, reflecting a smaller decrease of 4.26% year-over-year. Despite a recent trend of beating estimates, the reduced Earnings Per Share (EPS) may signal caution among investors.

Griffon Corporation (GFF) forecasts an EPS of $1.21, showing a slight increase of 1.68%. However, the company’s previous earnings miss in the second quarter raises concerns about future performance. With a PE ratio considerably below its industry peer, this may affect perceptions of its growth potential.

Hudbay Minerals Inc. (HBM) estimates an EPS of $0.05, down by 28.57%. The relatively high PE ratio compared to the industry might attract investors looking for growth, but the decline could overshadow potential positive perceptions.

Hut 8 Corp. (HUT) has a consensus EPS of $-0.24, although this reflects an improvement of 46.67% year-over-year. Past misses raise uncertainty about the company meeting these forecasts.

Enlight Renewable Energy Ltd. (ENLT) forecasts an EPS of $0.00, a drastic drop from last year. Despite this, the high PE ratio compared to the industry suggests potential for growth, though investor sentiment may remain bearish amid the stark decline.

ARS Pharmaceuticals, Inc. (SPRY), Dole plc (DOLE), Paysafe Limited (PSFE), Arcos Dorados Holdings Inc. (ARCO), Liquidia Corporation (LQDA), and HIVE Digital Technologies Ltd (HIVE) all present varying degrees of EPS forecasts, with several experiencing notable declines in consensus estimates compared to past performance. These projections may lead to stock price volatility around the earnings release dates.

Stocks:  CYBR TSEM GFF HBM HUT ENLT SPRY DOLE PSFE ARCO LQDA HIVE