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Earnings Preview: ASGN

ASGN (NYSE:ASGN) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that ASGN will report an earnings per share (EPS) of $1.36.

Anticipation surrounds ASGN's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.03, leading to a 8.9% drop in the share price on the subsequent day.

Here's a look at ASGN's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.33

1.11

1.37

1.56

EPS Actual

1.36

1.16

1.45

1.68

Price Change %

-9.0%

-3.0%

1.0%

4.0%

Stock Performance

Shares of ASGN were trading at $93.12 as of October 21. Over the last 52-week period, shares are up 17.54%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on ASGN

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on ASGN.

The consensus rating for ASGN is Buy, based on 2 analyst ratings. With an ...