Preview: Astronics's Earnings

Astronics (NASDAQ:ATRO) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Astronics will report an earnings per share (EPS) of $0.08.

The market awaits Astronics'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.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.13, leading to a 7.7% drop in the share price on the subsequent day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.17

-0.01

0.22

0.04

EPS Actual

0.04

-0.09

0.20

-0.51

Price Change %

-8.0%

7.000000000000001%

-2.0%

-13.0%

Market Performance of Astronics's Stock

Shares of Astronics were trading at $18.19 as of November 04. Over the last 52-week period, shares are up 10.88%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Astronics

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

With 1 analyst ratings, Astronics has a consensus rating of Neutral. The average one-year price target is $20.0, indicating a potential 9.95% upside.

Analyzing Analyst Ratings Among Peers

The below comparison ...