Preview: Argo Blockchain's Earnings
Portfolio Pulse from Benzinga Insights
Argo Blockchain (NASDAQ:ARBK) is set to release its latest quarterly earnings report on Tuesday, 2023-08-29. Analysts estimate an earnings per share (EPS) of $-0.18. The company's past performance shows a mix of positive and negative price changes post-earnings release. The stock is currently trading at $1.01, down 77.26% over the last 52-week period.
August 28, 2023 | 9:01 pm
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NEGATIVE IMPACT
Argo Blockchain is expected to report an EPS of $-0.18 in its upcoming earnings. The stock has been down 77.26% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
The upcoming earnings report is a significant event for Argo Blockchain. Given the negative EPS estimate and the stock's poor performance over the last year, it's likely that the stock price will continue to be under pressure in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100