A Preview Of TMC Metals's Earnings
Portfolio Pulse from Benzinga Insights
TMC Metals is set to release its latest quarterly earnings report on August 14, 2023. Analysts estimate an earnings per share (EPS) of $-0.12. The company's past performance shows a pattern of share price drops following earnings reports, despite beating EPS estimates. The company's shares were trading at $1.2 as of August 10, with a 10.05% increase over the last 52-week period.
August 11, 2023 | 6:01 pm
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NEGATIVE IMPACT
TMC Metals is expected to report an EPS of $-0.12 in its upcoming earnings. Despite beating EPS estimates in the past, the company's share price has typically dropped post-earnings.
TMC Metals has a history of share price drops following earnings reports, even when beating EPS estimates. This pattern, combined with the expected negative EPS, suggests a potential negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100