Arena Group Holdings's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Arena Group Holdings (AMEX:AREN) is expected to release its quarterly earnings report on Tuesday, 2023-11-14, with an estimated EPS of $-0.38. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, AREN's stock price has been affected more by guidance than by earnings beats or misses. Last quarter, AREN missed the EPS estimate by $0.08, resulting in a 10.95% increase in share price the following day. Over the past year, AREN shares have decreased by 76.27%, trading at $3.5 as of November 10.
November 13, 2023 | 5:02 pm
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Arena Group Holdings is anticipated to release its quarterly earnings with an EPS estimate of -$0.38. Investors are focused on potential positive guidance for future growth. The stock has historically reacted more to guidance than earnings results, with a 10.95% increase after last quarter's miss. Shares are currently down 76.27% from the 52-week high.
The short-term impact on AREN's stock price will likely hinge on whether the company beats the earnings estimate and provides positive future guidance. Given the stock's sensitivity to guidance, a positive outlook could lead to a price increase, while a negative one could exacerbate the current downward trend. The 76.27% decline over the past year indicates a bearish sentiment, but the stock has shown to increase after earnings misses if accompanied by favorable guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100