Earnings Outlook For Richardson Electronics
Portfolio Pulse from Benzinga Insights
Richardson Electronics (NASDAQ:RELL) is set to release its latest quarterly earnings report on Wednesday, 2023-10-11. 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. Shares are currently trading at $11.01 and have seen a 40.63% decrease over the last 52-week period.
October 10, 2023 | 3:00 pm
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Richardson Electronics is expected to report an EPS of $0.03 in its upcoming earnings. The company's stock has historically dropped following earnings reports, and shares are currently down 40.63% over the last 52 weeks.
Richardson Electronics has a history of its share price dropping following earnings reports. Given that the company's shares have already decreased by 40.63% over the last 52 weeks, it's likely that the upcoming earnings report could further negatively impact the stock price, especially if the company fails to meet the estimated EPS of $0.03.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100