A Preview Of AXT's Earnings
Portfolio Pulse from Benzinga Insights
AXT (NASDAQ:AXTI) is set to release its latest quarterly earnings report on August 3, 2023. Analysts estimate an earnings per share (EPS) of $-0.13. The company's past performance shows a pattern of share price drops following earnings beats. Shares of AXT were trading at $3.08 as of August 1, with a 68.98% decrease over the last 52-week period.
August 04, 2023 | 11:55 am
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AXT's upcoming earnings report could potentially impact its share price. Past performance shows a trend of share price drops following earnings beats. The stock has been on a downward trend, with a 68.98% decrease over the last 52 weeks.
AXT's share price has historically dropped following earnings beats, indicating that investors may have high expectations for the company's performance. If the upcoming earnings report does not meet these expectations, the share price could potentially drop further. Additionally, the overall downward trend of the stock over the past year suggests that investor sentiment towards the company is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100