Lumen Technologies Earnings Preview
Portfolio Pulse from Benzinga Insights
Lumen Technologies (NYSE:LUMN) is scheduled to release its quarterly earnings report on February 6, 2024, with an expected EPS of $-0.01. Historical data shows significant stock price movements post-earnings announcements, with a 32.87% drop after last quarter's miss. Over the past year, LUMN shares have declined by 74.21%, indicating a bearish outlook among long-term investors.
February 05, 2024 | 6:01 pm
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Lumen Technologies is expected to report an EPS of $-0.01 for the upcoming quarter. Historical performance shows significant price volatility post-earnings, with a notable 32.87% drop after the last quarter's miss. Shares have fallen 74.21% over the past year.
Given LUMN's history of significant stock price movements post-earnings and the overall negative trend in its share price over the past year, it's likely that the upcoming earnings report could lead to further declines, especially if the company misses estimates or provides weak guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100