Earnings Preview: MYT Netherlands Parent
Portfolio Pulse from Benzinga Insights
MYT Netherlands Parent (NYSE:MYTE) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The stock is currently trading at $3.76, down 68.76% over the last 52-week period.
September 13, 2023 | 2:01 pm
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MYT Netherlands Parent is expected to report an EPS of $0.03. Past performance shows a trend of share price drops following earnings reports, despite beating EPS estimates. The stock is down 68.76% over the last 52-week period.
Given the company's history of share price drops following earnings reports, even when beating EPS estimates, it is likely that the stock price may experience a similar trend following the upcoming earnings release. The stock's significant decline over the past year also indicates a bearish sentiment among long-term shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100