Earnings Outlook For Asensus Surgical
Portfolio Pulse from Benzinga Insights
Asensus Surgical (AMEX:ASXC) is expected to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts predicting an EPS of $-0.07. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Asensus Surgical's stock price has reacted variably to earnings reports, with both increases and decreases in share price following announcements. Currently, the stock is trading at $0.21, down 55.91% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, especially if the company provides strong future guidance.
November 13, 2023 | 3:01 pm
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Asensus Surgical is anticipated to report an EPS of $-0.07 for the quarter. Historical data shows stock price movement post-earnings can be significant. With shares down 55.91% over the past year, the upcoming report and guidance will be closely watched.
The short-term impact on ASXC's stock price will likely hinge on whether the company beats or misses the EPS estimate and the nature of the guidance provided. Historical performance shows mixed reactions to past earnings, making it challenging to predict the direction of the stock price movement. The significant year-to-date decline in stock price may set a low bar for investor expectations, potentially leading to a positive reaction if the company provides strong guidance or beats estimates.
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