Earnings Preview: Owlet
Portfolio Pulse from Benzinga Insights
Owlet (NYSE:OWLT) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with an expected EPS of $-0.36. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Owlet's stock price has shown mixed reactions to earnings reports, with the last quarter's beat resulting in a 2.42% drop in share price. Over the past year, Owlet's shares have decreased by 66.8%, indicating potential concern among long-term shareholders ahead of the earnings release.
November 10, 2023 | 5:01 pm
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NEUTRAL IMPACT
Owlet is expected to report an EPS of $-0.36 for the latest quarter. Investors are focused on earnings performance and future guidance. The stock has declined by 66.8% over the last year, which may reflect investor sentiment.
The expected EPS and historical performance suggest a cautious outlook, but the actual impact will depend on whether Owlet beats the EPS estimate and provides strong future guidance. The stock's prior negative reaction to a beat and the overall downtrend over the past year add uncertainty to the short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100