Earnings Outlook For Ambarella
Portfolio Pulse from Benzinga Insights
Ambarella (NASDAQ:AMBA) is set to release its latest quarterly earnings report on Tuesday, 2023-08-29. Analysts estimate an earnings per share (EPS) of $-0.21. The company's past performance shows a pattern of share price drops following earnings reports. Shares of Ambarella were trading at $70.08 as of August 25, with a 52-week period decline of 15.34%.
August 28, 2023 | 3:01 pm
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Ambarella's upcoming earnings report could potentially impact its share price, given the historical pattern of price drops following earnings reports. The stock has been on a downward trend, with a 15.34% decline over the last 52 weeks.
Historically, Ambarella's share price has dropped following earnings reports. Given that the company's shares have been on a downward trend over the past year, the upcoming earnings report could potentially exacerbate this trend, especially if the company fails to meet analysts' EPS estimate of $-0.21.
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