A Preview Of 23andMe Holding's Earnings
Portfolio Pulse from Benzinga Insights
23andMe Holding (NASDAQ:ME) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-0.14. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's miss resulting in a 21.96% drop. Shares are currently trading at $0.6572, down 71.92% over the last year, indicating a bearish sentiment among long-term shareholders.
February 06, 2024 | 5:02 pm
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NEGATIVE IMPACT
23andMe Holding is expected to report an EPS of $-0.14 for the upcoming quarter. Historical data shows significant stock price volatility post-earnings, with a notable 21.96% drop after the last miss. The stock is currently down 71.92% over the past year, indicating bearish sentiment.
Given the historical performance where misses led to significant price drops and the current bearish sentiment indicated by a 71.92% decline over the past year, it's likely that any deviation from expected earnings could result in a negative short-term impact on ME's stock price. The anticipation of the earnings report and the potential for negative guidance based on past trends contribute to the bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100