Earnings Outlook For Edgio
Portfolio Pulse from Benzinga Insights
Edgio (NASDAQ:EGIO) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $-0.10. The company's past performance shows a 35.65% drop in share price following an EPS miss last quarter. Shares are currently trading at $0.8401 and have seen a 65.19% decrease over the last 52-week period.
July 18, 2023 | 4:02 pm
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NEGATIVE IMPACT
Edgio's upcoming earnings report could significantly impact its stock price. The company's shares have been on a downward trend, with a 65.19% decrease over the past year. The last earnings miss resulted in a 35.65% drop in share price.
Given Edgio's past performance, where an earnings miss led to a significant drop in share price, there is a high likelihood of a similar outcome if the company fails to meet the estimated EPS of $-0.10. The overall negative trend in the stock's performance over the past year also suggests a bearish outlook.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100