Lumen Technologies's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.09. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Over the last 52-week period, LUMN shares are down 83.63%.
July 31, 2023 | 7:14 pm
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Lumen Technologies is expected to report an EPS of $0.09. Despite beating EPS estimates in the past, the company's share price has typically dropped. Over the past year, shares have declined by 83.63%.
The company has a history of beating EPS estimates but this has not translated into a rise in share price. In fact, the share price has typically dropped after earnings announcements. Given the negative trend in the company's stock performance over the past year, it is likely that this pattern will continue.
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RELEVANCE 100