Cerence's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Cerence (NASDAQ:CRNC) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.90. The company's past earnings performance shows mixed results, with a miss in the last quarter but a subsequent 4.37% increase in share price. Over the last year, CRNC shares have declined by 29.05%, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 05, 2024 | 8:01 pm
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Cerence is expected to report an EPS of $0.90 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a notable decline of 29.05% in shares over the last year.
Given Cerence's mixed historical earnings performance and the significant annual decline in share price, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise and optimistic future guidance could provide a boost to the stock, the bearish sentiment among long-term shareholders and the recent trend of share price decline suggest a cautious outlook.
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