voxeljet's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
voxeljet (NASDAQ:VJET) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts predicting an EPS of $-0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, voxeljet's stock price has been volatile post-earnings, with a significant drop of 24.34% after beating EPS last quarter. The stock is currently trading at $1.32, down 59.55% over the last year, indicating negative sentiment among long-term shareholders ahead of the earnings release.
November 15, 2023 | 5:01 pm
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NEGATIVE IMPACT
voxeljet is anticipated to report a quarterly EPS of $-0.48. Despite past earnings beats, the stock experienced significant drops, including a 24.34% decline last quarter. The stock has been on a downtrend, losing 59.55% over the past year.
Given voxeljet's history of stock price declines following earnings reports, even after beating EPS estimates, there is a likelihood of a negative short-term impact on VJET's stock price. The consistent downtrend over the past year further supports a bearish outlook for the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100