SunPower's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
SunPower (NASDAQ:SPWR) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $-0.24. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates but resulting in a 10.92% share price increase the following day. Over the past year, SPWR shares have declined by 75.66%, indicating potential concern among long-term investors ahead of this earnings announcement.
February 14, 2024 | 4:00 pm
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NEUTRAL IMPACT
SunPower is expected to report a Q4 EPS of $-0.24, with historical earnings showing mixed impacts on its stock price. The company's shares have significantly declined over the past year, indicating potential volatility around the earnings announcement.
Given SunPower's mixed historical earnings performance and significant share price decline over the past year, the upcoming earnings report could either provide a much-needed boost or further pressure the stock. The anticipation of the earnings report, coupled with the company's guidance for the next quarter, will likely result in short-term volatility. However, the exact direction is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100