Analysts expect Tenaris to report an earnings per share (EPS) of $0.66.
The market awaits Tenaris'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 missed EPS by $0.38, leading to a 9.61% drop in the share price the following trading session.
Here's a look at Tenaris's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.97
1.04
1
1.43
EPS Actual
0.59
1.27
1.92
1.16
Price Change %
-10.0%
-7.000000000000001%
8.0%
9.0%
Performance of Tenaris Shares
Shares of Tenaris were trading at $33.03 as of November 04. Over the last 52-week period, shares are up 0.79%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Insights Shared by Analysts on Tenaris
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Tenaris.
Tenaris has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year ...
