QuantumScape's Earnings Outlook
Portfolio Pulse from Benzinga Insights
QuantumScape (NYSE:QS) is expected to report an EPS of $-0.34 in its upcoming quarterly earnings on 2024-02-14. Historically, the company's share price has reacted variably to earnings reports, with a notable 6.95% drop after last quarter's beat. Over the last year, QS shares have declined by 34.89%, indicating a bearish sentiment among long-term shareholders.
February 13, 2024 | 5:01 pm
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QuantumScape is anticipated to report a quarterly EPS of $-0.34, with historical performance showing mixed reactions to earnings reports. Shares have fallen 34.89% over the past year, reflecting a bearish outlook.
Given QuantumScape's history of share price volatility post-earnings and the overall 34.89% decline in share price over the past year, the upcoming earnings report is likely to have a negative short-term impact. The anticipation of the report, coupled with the historical trend of share price drops following earnings beats, suggests a bearish outlook for QS in the short term.
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IMPORTANCE 90
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