Mesa Air Gr's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Mesa Air Group (NASDAQ:MESA) is expected to release its quarterly earnings report on Thursday, 2023-12-14, with analysts predicting an EPS of $-0.28. Investors are looking for an earnings beat and positive guidance for the next quarter. Mesa Air Group's stock performance has been negative over the last 52-week period, with shares down 3.28% and trading at $1.17 as of December 11. The company's past earnings have shown a mix of misses and beats, with significant stock price movements following the announcements.
December 13, 2023 | 2:00 pm
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NEGATIVE IMPACT
Mesa Air Group is anticipated to report a quarterly EPS of $-0.28. Historical data shows stock price volatility post-earnings, with a 6.77% drop after last quarter's miss. Shares are currently at $1.17, down 3.28% over the last year.
Given the historical negative reaction to earnings misses and the overall downward trend of the stock over the past year, it is likely that any negative earnings news or weak guidance could lead to a short-term decline in MESA's stock price. However, the confidence level is not at 100 due to the potential for an earnings beat or positive guidance to mitigate the negative trend.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100