ToughBuilt Industries Earnings Preview
Portfolio Pulse from Benzinga Insights
ToughBuilt Industries (NASDAQ:TBLT) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-14, with analysts expecting an EPS of $-0.46. Investors are looking for an earnings beat and positive guidance for future growth. Historical performance shows a pattern of stock price decline following earnings misses. Shares are currently trading at $0.172, down 94.44% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
November 13, 2023 | 6:02 pm
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ToughBuilt Industries is expected to report an EPS of -$0.46 for the latest quarter. Historical data suggests that stock price may decline if earnings miss estimates or if guidance is unfavorable.
Given the historical performance where ToughBuilt Industries' stock price typically declined following earnings misses, and the current bearish sentiment indicated by the 94.44% drop over the last year, it is likely that any negative earnings report or guidance could lead to a further decrease in stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100