Earnings Outlook For Agora
Portfolio Pulse from Benzinga Insights
Agora (NASDAQ:API) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts predicting an EPS of $-0.10. Investors are looking for an earnings beat and positive guidance for the next quarter. Agora's stock performance has been generally positive over the last 52 weeks, with shares up 17.54%, trading at $3.15 as of November 15. Historical data shows that Agora's share price can react negatively to earnings reports, even when beating EPS estimates.
November 20, 2023 | 2:01 pm
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NEUTRAL IMPACT
Agora is anticipated to report a quarterly EPS of $-0.10 and investors are hopeful for a beat and positive future guidance. The stock has risen 17.54% over the past year, but past earnings beats have sometimes led to negative price reactions.
While Agora is expected to report a negative EPS, the focus will be on whether they beat the estimate and provide positive guidance. Historically, the stock has shown negative reactions to earnings reports, even with an EPS beat. However, the overall positive annual performance may mitigate the impact of the earnings report. The score is neutral due to the uncertainty of market reaction to earnings reports and guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100