Preview: Akoustis Technologies's Earnings
Portfolio Pulse from Benzinga Insights
Akoustis Technologies (NASDAQ:AKTS) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with an estimated EPS of $-0.18. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance, with a 10.34% drop after last quarter's miss. Over the past 52 weeks, AKTS shares have declined by 86.16%, indicating a bearish sentiment among long-term shareholders.
November 10, 2023 | 3:01 pm
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NEGATIVE IMPACT
Akoustis Technologies is expected to report an EPS of $-0.18 for the upcoming earnings. Historical data shows significant stock price movement post-earnings, with a 10.34% drop last quarter. Long-term trend shows a significant 86.16% decline over the past year.
Given the historical sensitivity of AKTS's stock price to earnings performance and the significant long-term decline, the upcoming earnings report is likely to have a strong impact. A negative EPS estimate and past negative reactions suggest a potential short-term price decline if the company does not exceed expectations and provide strong guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100