A Preview Of Richardson Electronics's Earnings
Portfolio Pulse from Benzinga Insights
Richardson Electronics (NASDAQ:RELL) is expected to report Q4 earnings with an EPS of $0.01 on January 10, 2024. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, RELL's stock price has dropped following earnings beats, with a 6.0% decline after last quarter's results. Over the past year, RELL shares have decreased by 42.32%, indicating potential concern for long-term shareholders ahead of the earnings release.
January 09, 2024 | 2:00 pm
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Richardson Electronics is anticipated to report a Q4 EPS of $0.01, with investors focusing on earnings beat and future guidance. Historical data shows stock price declines following earnings beats, and shares are down 42.32% over the last year.
Given the historical trend of stock price declines after earnings beats and the overall negative performance over the past year, there is a likelihood of a short-term negative impact on RELL's stock price following the earnings report, especially if the company does not provide strong future guidance.
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