Largo Earnings Preview
Portfolio Pulse from Benzinga Insights
Largo (NASDAQ:LGO) is set to release its quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an EPS of $-0.09. Last quarter, the company missed EPS by $0.40, resulting in a 10.52% drop in share price. Largo's shares were trading at $4.33 as of August 07, with a 52-week return of -45.47%.
August 08, 2023 | 4:01 pm
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NEGATIVE IMPACT
Largo's upcoming earnings report could significantly impact its stock price. Last quarter's miss led to a 10.52% drop in share price. The stock is currently trading at $4.33, down 45.47% over the last 52 weeks.
Given Largo's past performance, where a miss on earnings estimates 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 $-0.09. The stock's negative return over the past 52 weeks also indicates a bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100