Identiv Earnings Preview
Portfolio Pulse from Benzinga Insights
Identiv (NASDAQ:INVE) is set to release its quarterly earnings report on August 3, 2023. Analysts estimate an EPS of $-0.08. Last quarter, the company missed EPS by $0.07, which was followed by a 26.47% increase in the share price. Shares of Identiv were trading at $7.64 as of August 1, with a 52-week decrease of 51.67%.
August 04, 2023 | 12:21 pm
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NEUTRAL IMPACT
Identiv's upcoming earnings report could impact its stock price. Last quarter's EPS miss led to a significant share price increase. However, the stock has been on a downward trend over the past year.
Identiv's earnings report is a key event that could influence its stock price. Despite missing EPS estimates last quarter, the stock price increased significantly, indicating that investors may have different expectations. However, the stock's overall downward trend over the past year suggests that long-term investors may be dissatisfied.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100