Youdao Earnings Preview
Portfolio Pulse from Benzinga Insights
Youdao (NYSE:DAO) is set to release its quarterly earnings report on August 24, 2023. Analysts estimate an EPS of $-0.37. The company's past performance shows a mixed trend of earnings beats and misses, with the last quarter missing EPS by $0.05, followed by an 8.5% increase in share price. The stock is currently trading at $3.65, down 38.15% over the last 52-week period.
August 23, 2023 | 3:01 pm
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NEUTRAL IMPACT
Youdao's upcoming earnings report could impact its stock price. The company's past performance shows a mixed trend of earnings beats and misses, with the last quarter missing EPS by $0.05, followed by an 8.5% increase in share price. The stock is currently down 38.15% over the last 52-week period.
The upcoming earnings report is a significant event for Youdao. Given the mixed trend in past earnings performance and the current negative return, the report could either help recover some losses if it beats estimates or push the stock further down if it misses. The guidance provided by the company will also play a crucial role in determining the stock's direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100