Earnings Preview: LiveOne
Portfolio Pulse from Benzinga Insights
LiveOne (NASDAQ:LVO) is scheduled to release its quarterly earnings report on February 8, 2024, with analysts expecting an EPS of $-0.02. The company's past earnings performance shows mixed results, with the last quarter missing estimates by $0.04, leading to a 1.75% drop in share price. Shares are currently trading at $1.59, up 76.08% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 07, 2024 | 8:01 pm
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NEUTRAL IMPACT
LiveOne is expected to report an EPS of $-0.02 for the upcoming quarter. Historical performance shows sensitivity to earnings reports and guidance, with shares currently up 76.08% over the last year.
Given LiveOne's mixed historical earnings performance and the significant stock price increase over the past year, the upcoming earnings report and particularly the guidance for the next quarter could have a neutral to slightly positive impact on the stock price in the short term. The anticipation of positive guidance, despite a history of some misses, suggests a cautious optimism among investors. However, the actual impact will heavily depend on whether the company meets or exceeds the earnings expectations and the nature of the future guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100