Preview: BuzzFeed's Earnings
Portfolio Pulse from Benzinga Insights
BuzzFeed (NASDAQ:BZFD) is set to release its quarterly earnings report on November 2, 2023. Analysts estimate an earnings per share (EPS) of $-0.08. The company's past performance shows a trend of missing EPS estimates, which has led to significant drops in share price. Shares of BuzzFeed were trading at $0.32 as of October 31, with a 52-week decline of 83.16%.
November 01, 2023 | 8:01 pm
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BuzzFeed's upcoming earnings report could potentially impact its stock price. The company has a history of missing EPS estimates, which has previously resulted in significant share price drops.
BuzzFeed's stock price has historically been sensitive to its earnings reports, particularly when the company misses EPS estimates. Given that analysts are predicting an EPS of $-0.08 for the upcoming report, and considering the company's past performance, there is a high likelihood that the stock price could be negatively impacted if BuzzFeed fails to meet or exceed this estimate.
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IMPORTANCE 80
RELEVANCE 100