Preview: Socket Mobile's Earnings
Portfolio Pulse from Benzinga Insights
Socket Mobile (NASDAQ:SCKT) is set to release its quarterly earnings report on 2023-10-27, with analysts estimating an EPS of $-0.07. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock has been trading at $0.96 as of October 24, with a 52-week drop of 50.76%.
October 26, 2023 | 5:02 pm
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Socket Mobile's upcoming earnings report could potentially impact its stock price, which has been on a downward trend. Past earnings have resulted in share price drops, even when beating estimates.
Socket Mobile's stock price has been on a downward trend, with a 52-week drop of 50.76%. Past earnings reports have resulted in share price drops, even when beating estimates. This pattern, combined with the upcoming earnings report, could potentially lead to further price drops.
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