Preview: Digi Intl's Earnings
Portfolio Pulse from Benzinga Insights
Digi Intl (NASDAQ:DGII) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $0.44. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Digi Intl has had mixed price reactions to its earnings results. Shares are currently trading at $25.75, down 27.7% over the last year, indicating a bearish sentiment among long-term shareholders.
January 30, 2024 | 7:01 pm
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NEUTRAL IMPACT
Digi Intl is set to report earnings with an anticipated EPS of $0.44. Positive guidance could boost the stock, while a miss may continue the bearish trend. Historical data shows varied stock reactions post-earnings.
The short-term impact on DGII's stock price will largely depend on whether the company beats the earnings estimate and provides positive guidance. Historically, the stock has shown both positive and negative reactions to earnings reports, making it difficult to predict the direction. The current bearish sentiment due to the 27.7% decline over the past year may temper any positive reaction unless the results significantly exceed expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100