Earnings Outlook For Enovix
Portfolio Pulse from Benzinga Insights
Enovix (NASDAQ:ENVX) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts predicting an EPS of $-0.27. The company's past earnings performance shows a mix of beats and misses, with significant stock price movements following the announcements. Shares of Enovix have increased by 53.58% over the last 52 weeks, trading at $11.7 as of February 15. Investors are advised to pay attention to the company's guidance for future growth, which can significantly impact stock prices.
February 19, 2024 | 6:01 pm
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Enovix is expected to report an EPS of $-0.27 for the upcoming quarter. Historical data shows significant stock price movements post-earnings, with a 53.58% increase over the last year.
Given Enovix's history of stock price volatility post-earnings, the upcoming report could lead to significant short-term price movements. However, the exact direction is uncertain, as it depends on whether the company beats or misses EPS estimates and the nature of its future guidance. The 53.58% year-over-year gain indicates a positive long-term trend, but short-term impacts are less predictable.
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IMPORTANCE 90
RELEVANCE 100