Earnings Preview: Maxeon Solar Technologies
Portfolio Pulse from Benzinga Insights
Maxeon Solar Technologies (NASDAQ:MAXN) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-15, with an expected EPS of $-0.93. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been volatile post-earnings, with significant drops and gains following their last four quarterly reports. Shares are currently trading at $5.48, down 72.9% over the last 52 weeks, indicating a negative sentiment among long-term shareholders ahead of the earnings release.
November 14, 2023 | 3:01 pm
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NEUTRAL IMPACT
Maxeon Solar Technologies is expected to report a quarterly EPS of $-0.93 and investors are anticipating the earnings guidance. The stock has experienced significant volatility after earnings reports, with a 31.96% drop after the last beat.
Given the historical volatility in Maxeon's stock price following earnings reports, the short-term impact is uncertain and could go either way depending on whether they beat or miss EPS estimates and the nature of their forward guidance. The importance is high due to the potential for significant price movement, but confidence is not at the maximum because past performance does not guarantee future results.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100