Earnings Preview: RumbleON
Portfolio Pulse from Benzinga Insights
RumbleON (NASDAQ:RMBL) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $-0.51. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares of RumbleON are currently trading at $6.53 and have seen a 56.82% decrease over the last 52-week period.
November 06, 2023 | 4:01 pm
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NEGATIVE IMPACT
RumbleON's upcoming earnings report could potentially impact its stock price. The company has a history of missing EPS estimates, which has previously led to drops in share price.
RumbleON has a history of missing EPS estimates, which has led to drops in its share price. Given this trend and the analysts' estimate of a negative EPS for the upcoming quarter, it is likely that the stock price may be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100