MaxLinear's Earnings Outlook
Portfolio Pulse from Benzinga Insights
MaxLinear (NASDAQ:MXL) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.04. The company's past performance shows a trend of share price drops following earnings releases, with a 23.84% drop after the last quarter's report. The company's shares are currently trading at $19.55, down 38.1% over the last 52-week period.
October 24, 2023 | 6:01 pm
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NEGATIVE IMPACT
MaxLinear's upcoming earnings report could potentially impact its share price, given the historical trend of price drops following earnings releases. The company's shares have been on a downward trend, down 38.1% over the last 52-week period.
Historically, MaxLinear's share price has dropped following earnings releases, indicating that the market's reaction to their earnings reports is typically negative. Given this trend and the overall negative return over the past year, it is likely that the upcoming earnings report could further negatively impact the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100