Insights Ahead: CECO Environmental's Quarterly Earnings

CECO Environmental (NASDAQ:CECO) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect CECO Environmental to report an earnings per share (EPS) of $0.19.

Anticipation surrounds CECO Environmental'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.

Overview of Past Earnings

Last quarter the company beat EPS by $0.04, which was followed by a 3.88% increase in the share price the next day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.16

0.11

0.24

0.18

EPS Actual

0.20

0.11

0.28

0.22

Price Change %

4.0%

2.0%

7.000000000000001%

-5.0%

CECO Environmental Share Price Analysis

Shares of CECO Environmental were trading at $26.77 as of October 25. Over the last 52-week period, shares are up 62.05%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on CECO Environmental

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on CECO Environmental.

The consensus rating for CECO Environmental is Buy, based on 5 analyst ratings. With an average one-year price target of $34.8, there's a potential 30.0% ...