Preview: Independence Contract's Earnings
Portfolio Pulse from Benzinga Insights
Independence Contract (NYSE:ICD) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $-0.30. The company's past performance shows a pattern of share price drops following earnings reports, even when beating estimates. The stock is currently trading at $2.72, down 32.23% over the last 52-week period.
October 31, 2023 | 9:02 pm
News sentiment analysis
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NEGATIVE IMPACT
Independence Contract is expected to report a negative EPS of $-0.30. The company's stock has historically dropped after earnings reports, even when beating estimates. The stock is currently down 32.23% over the last 52-week period.
The company is expected to report a negative EPS, which is generally seen as a negative signal by investors. Additionally, the company's stock has historically dropped after earnings reports, suggesting that investors may react negatively to the upcoming report. The stock's poor performance over the last year also indicates a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100