A Preview Of Aviat Networks's Earnings
Portfolio Pulse from Benzinga Insights
Aviat Networks (NASDAQ:AVNW) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.87. The company's past earnings performance shows a pattern of beating EPS estimates, leading to significant share price movements the following day. Shares are currently trading at $28.81, down 19.39% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 05, 2024 | 9:02 pm
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Aviat Networks is expected to report an EPS of $0.87 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, positively impacting its stock price. However, shares have declined 19.39% over the last year, indicating investor concern.
Given AVNW's history of beating EPS estimates and the subsequent positive impact on its stock price, there's a potential for a short-term positive movement, especially if the company provides favorable future guidance. However, the overall 19.39% decline in the past year suggests underlying concerns that might temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100