Earnings Preview: Hyliion Holdings
Portfolio Pulse from Benzinga Insights
Hyliion Holdings (NYSE:HYLN) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $-0.11. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in an 8.27% drop. Shares are currently trading at $1.12, down 64.41% over the last year, indicating a bearish sentiment among long-term shareholders.
February 12, 2024 | 7:01 pm
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Hyliion Holdings is expected to report an EPS of $-0.11 for the upcoming quarter. Historical data shows its stock price can react negatively even to earnings beats. Currently trading at $1.12, down significantly over the past year.
Given HYLN's past performance where stock price dropped even after beating EPS estimates, and considering the current bearish sentiment reflected by a 64.41% decline over the past year, it's likely the stock could see further short-term decline post-earnings, especially if the actual EPS meets or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100