Earnings Outlook For Mitek Systems
Portfolio Pulse from Benzinga Insights
Mitek Systems (NASDAQ:MITK) is set to release its latest quarterly earnings report on June 29, 2023. Analysts estimate an earnings per share (EPS) of $0.19. The company's stock price could be influenced not only by the earnings result but also by the company's guidance for the next quarter. In the previous quarter, Mitek Systems beat the EPS estimate by $0.03, resulting in a 20.62% increase in the share price the next day. The company's shares were trading at $10.71 as of June 27, with a 52-week increase of 17.42%.
June 28, 2023 | 3:01 pm
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Mitek Systems is expected to report an EPS of $0.19 in its upcoming earnings release. The company's stock price could be influenced by the earnings result and the company's guidance for the next quarter.
The upcoming earnings report and the company's guidance for the next quarter could influence the stock price of Mitek Systems. In the previous quarter, the company beat the EPS estimate, which led to a significant increase in the share price. However, it's uncertain whether the company will beat the estimate again this quarter, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100