Earnings Preview For JOANN
Portfolio Pulse from Benzinga Insights
JOANN (NASDAQ:JOAN) is scheduled to release its quarterly earnings report on Monday, 2023-12-04, with analysts expecting an EPS of $-0.21. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, JOANN's stock price has reacted negatively to earnings misses, with drops following the last four quarterly reports. Shares are currently trading at $0.585, down 87.4% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
December 01, 2023 | 2:00 pm
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JOANN is expected to report an EPS of $-0.21 for the upcoming earnings, with historical data showing significant stock price drops following earnings misses. The current share price is $0.585, reflecting an 87.4% decrease over the past year.
Given the historical performance where JOANN's stock price dropped after missing EPS estimates, and the current bearish sentiment reflected by the 87.4% decrease in share price over the past year, it is likely that any negative earnings report or guidance could lead to a further short-term decline in the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100