Willdan Group (NASDAQ: WLDN) is set to unveil its latest quarterly earnings report on March 7, 2024. Analysts are predicting an earnings per share (EPS) of $0.35 for the company, with investors eagerly awaiting to see if Willdan Group will exceed this forecast and offer positive guidance for the next quarter. It is often the guidance provided that has a greater impact on stock prices than simply meeting or missing earnings expectations.
In the previous quarter, Willdan Group outperformed EPS estimates by $0.01, resulting in an 11.21% surge in share price the following day. Looking back at the company’s past performance, we can see how earnings results have impacted stock prices:
– Q3 2023: EPS Estimate 0.36, EPS Actual 0.37, Price Change +11.0%
– Q2 2023: EPS Estimate 0.12, EPS Actual 0.26, Price Change +21.0%
– Q1 2023: EPS Estimate -0.03, EPS Actual 0.32, Price Change +11.0%
– Q4 2022: EPS Estimate 0.41, EPS Actual 0.36, Price Change -8.0%
As of March 5, Willdan Group shares were trading at $20.28, reflecting a positive trend with a 16.52% increase over the past year. Long-term investors may be pleased with these returns leading up to the upcoming earnings announcement.
For more in-depth insights into Willdan Group’s earnings releases, you can refer to their earnings calendar on their official website.
Willdan Group, Inc. (WLDN) Stock Analysis and Performance Update – March 6, 2024
On March 6, 2024, Willdan Group, Inc. (WLDN) saw some fluctuations in its stock performance. According to data from CNN Money, WLDN is currently trading in the middle of its 52-week range and near its 200-day simple moving average. This indicates that the stock is neither overbought nor oversold, and is trading at a relatively stable level compared to its historical performance.
The price of WLDN shares decreased by $0.18 since the market last closed, representing a 0.89% drop in value. The stock opened at $20.46, which was $0.18 higher than its previous close. This initial increase in price at the opening bell may have given investors some hope for a positive trading day, but unfortunately, the stock ultimately ended up in negative territory by the end of the trading session.
Investors in WLDN should continue to monitor the stock’s performance and stay informed about any news or events that may affect its value. By staying informed and conducting thorough research, investors can make more informed decisions about buying, selling, or holding onto their WLDN shares.
WLDN Stock Surges with Strong Financial Performance in 2024
On March 6, 2024, investors in WLDN stock were pleasantly surprised by the company’s strong financial performance. According to data from CNN Money, WLDN reported total revenue of $429.14 million for the past year, representing a 21.31% increase compared to the previous year. Additionally, the company’s total revenue for the third quarter of the fiscal year stood at $132.74 million, showing an 11.47% increase compared to the previous quarter.
One of the most significant highlights of WLDN’s financial performance was its net income. Despite reporting a net income of -$8.45 million for the past year, the company managed to turn things around in the third quarter with a net income of $1.57 million. This represents a remarkable 294.46% increase compared to the previous quarter and a 0.37% increase compared to the previous year.
Furthermore, WLDN’s earnings per share (EPS) also showed positive growth. The company reported an EPS of -$0.65 for the past year, which increased by 3.91% compared to the previous year. In the third quarter, WLDN reported an EPS of $0.11, representing an impressive 288.44% increase compared to the previous quarter.
Overall, WLDN’s strong financial performance on March 6, 2024, indicates that the company is on the right track towards profitability and growth. Investors who have been following WLDN stock may find these results encouraging and may consider adding WLDN to their investment portfolio based on the positive trajectory of the company’s financial performance.
