Earnings Preview: CalAmp
Portfolio Pulse from Benzinga Insights
CalAmp (NASDAQ:CAMP) is scheduled to release its quarterly earnings report on January 9, 2024. Analysts predict an EPS of $-0.03. Investors are looking for an earnings beat and positive guidance for the next quarter. CalAmp's stock has been trading at $0.26 as of January 5, with a 52-week decline of 94.33%. Past earnings performance shows significant stock price volatility post-earnings announcement.
January 08, 2024 | 2:00 pm
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NEGATIVE IMPACT
CalAmp is expected to report an EPS of $-0.03 for the upcoming quarter. Historical data shows significant stock price movements following earnings releases. With a 52-week decline of 94.33%, investor sentiment may be bearish.
Given the historical price volatility after earnings reports and the significant 52-week decline, there may be a negative short-term impact on CAMP's stock price if the earnings report fails to meet or exceed expectations or if guidance is not positive.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100