Canaan's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Canaan (NASDAQ:CAN) is set to release its latest quarterly earnings report on Tuesday, 2023-08-29. Analysts estimate an earnings per share (EPS) of $-0.12. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Canaan's shares were trading at $2.04 as of August 25, with a 52-week return of -41.64%.
August 28, 2023 | 9:00 pm
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Canaan is expected to report an EPS of $-0.12 in its upcoming earnings report. The company's history of missing EPS estimates and subsequent share price drops could potentially impact the stock negatively.
Canaan has a history of missing EPS estimates, which has typically resulted in a drop in share price. Given this trend and the analysts' estimate of a negative EPS, it is likely that the stock price may be negatively impacted in the short term.
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