A Preview Of Akoustis Technologies's Earnings
Portfolio Pulse from Benzinga Insights
Akoustis Technologies (NASDAQ:AKTS) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $-0.18. The company's past earnings performance shows a mix of misses and subsequent stock price movements, both positive and negative. Shares are currently trading at $0.6828, marking an 82.74% decline over the last 52 weeks. Investors are looking for not just an earnings beat but also positive guidance for the future.
February 12, 2024 | 7:01 pm
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Akoustis Technologies is expected to report an EPS of $-0.18 for the upcoming quarter. Historical performance shows varied reactions to earnings reports, with the stock currently down 82.74% over the last year.
Given Akoustis Technologies' mixed historical earnings performance and the significant decline in its stock price over the past year, the upcoming earnings report could have a neutral to slightly positive impact if the company beats the EPS estimate and provides positive future guidance. However, the stock's recent performance suggests that investor sentiment is already quite bearish, potentially limiting the upside from a positive earnings surprise.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100