Earnings Preview For AMMO
Portfolio Pulse from Benzinga Insights
AMMO, Inc. (NASDAQ:POWW) is scheduled to release its quarterly earnings report on February 8, 2024. Analysts predict an EPS of $-0.01. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat leading to a 13.15% drop. Shares are currently trading at $2.2, reflecting a 1.57% decline over the last year. Investors are keen on the upcoming guidance for future growth.
February 07, 2024 | 8:00 pm
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AMMO, Inc. is expected to report an EPS of $-0.01 for the upcoming quarter. Historical data shows variable stock price reactions to earnings reports, with a notable 13.15% drop after last quarter's beat. Shares have decreased by 1.57% over the past year.
Given AMMO's mixed historical stock performance post-earnings and the current analyst expectations, the short-term impact on its stock price could be neutral. The company's ability to beat or meet EPS estimates and provide positive future guidance will be key factors. However, past performance indicates that even beating estimates can lead to negative price movements, suggesting investor reactions may be influenced by factors beyond just the earnings numbers.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100