Earnings Preview For Lumen Technologies
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.06. 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 $1.33, down 80.96% over the last 52-week period.
October 30, 2023 | 3:01 pm
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Lumen Technologies is expected to report an EPS of $0.06. Despite beating EPS estimates in the past, the company's share price has typically dropped post-earnings. The stock is down 80.96% over the last 52 weeks.
Lumen Technologies has a history of share price drops following earnings reports, even when beating EPS estimates. This trend, combined with the stock's significant decline over the past year, suggests a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100