Earnings Preview: WiSA Technologies
Portfolio Pulse from Benzinga Insights
WiSA Technologies (NASDAQ:WISA) is set to release its latest quarterly earnings report on Tuesday, 2023-08-15. Analysts estimate an earnings per share (EPS) of $-1.62. Last quarter, the company beat EPS by $2.83, followed by a 0.0% drop in the share price. Shares of WiSA Technologies were trading at $1.18 as of August 11, with a 52-week period decline of 98.24%.
August 14, 2023 | 5:01 pm
News sentiment analysis
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WiSA Technologies is expected to report an EPS of $-1.62 in its upcoming earnings. Despite beating EPS estimates last quarter, the share price dropped by 0.0%. The stock has been on a downward trend, declining 98.24% over the last 52 weeks.
The upcoming earnings report is highly relevant to WiSA Technologies' stock. Despite beating EPS estimates last quarter, the share price did not increase, indicating that investors may have concerns beyond earnings. The stock's significant decline over the past year further suggests negative investor sentiment. Therefore, the short-term impact on the stock is likely to be negative unless the earnings report significantly exceeds expectations.
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IMPORTANCE 80
RELEVANCE 100