SPX Techs (NYSE:SPXC) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect SPX Techs to report an earnings per share (EPS) of $1.36.
The market awaits SPX Techs'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.
Performance in Previous Earnings
In the previous earnings release, the company beat EPS by $0.17, leading to a 0.95% increase in the share price the following trading session.
Here's a look at SPX Techs's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 1.25 | 1.04 | 1.26 | 0.97 |
| EPS Actual | 1.42 | 1.25 | 1.25 | 1.06 |
| Price Change % | 1.0% | 7.000000000000001% | -3.0% | -1.0% |
Performance of SPX Techs Shares
Shares of SPX Techs were trading at $159.9 as of October 28. Over the last 52-week period, shares are up 94.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for SPX Techs visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
