Insights into Alexander & Baldwin's Upcoming Earnings

Alexander & Baldwin (NYSE:ALEX) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.

Analysts estimate that Alexander & Baldwin will report an earnings per share (EPS) of $0.21.

The announcement from Alexander & Baldwin 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.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.02, leading to a 6.32% increase in the share price the following trading session.

Here's a look at Alexander & Baldwin's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.14

0.13

0.27

0.32

EPS Actual

0.16

0.28

0.12

0.16

Price Change %

6.0%

2.0%

-3.0%

3.0%

Tracking Alexander & Baldwin's Stock Performance

Shares of Alexander & Baldwin were trading at $18.3 as of October 22. Over the last 52-week period, shares are up 13.97%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Alexander & Baldwin

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

With 2 analyst ratings, Alexander & Baldwin has a consensus rating of Buy. The average ...