Peraso's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Peraso (NASDAQ:PRSO) is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $-0.08. The company's past performance shows a trend of share price drops following earnings reports, with the last quarter seeing an 18.92% drop despite beating EPS estimates. The company's shares are currently trading at $0.37, down 83.37% over the last 52-week period.
August 11, 2023 | 4:01 pm
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NEGATIVE IMPACT
Peraso's upcoming earnings report could potentially impact its share price, given the historical trend of price drops following earnings reports. The company's shares have been on a downward trend, down 83.37% over the last 52-week period.
Peraso's share price has historically dropped following earnings reports, even when beating EPS estimates. Given this trend and the current negative returns, the upcoming earnings report could potentially lead to further price drops.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100