Earnings Outlook For Largo
Portfolio Pulse from Benzinga Insights
Largo (NASDAQ:LGO) is set to announce its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a trend of missing EPS estimates and subsequent drops in share price. Shares of Largo were trading at $2.25 as of November 6, and over the last 52-week period, shares are down 59.12%.
November 07, 2023 | 4:01 pm
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NEGATIVE IMPACT
Largo's upcoming earnings report could potentially impact its stock price. Given the company's history of missing EPS estimates and the subsequent drops in share price, investors may be cautious.
Largo's stock price has historically been negatively impacted by its earnings reports, particularly when the company misses EPS estimates. Given that analysts are predicting an EPS of $-0.05 for the upcoming report, and considering the company's past performance, there is a high likelihood that the stock price could be negatively impacted again.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100