A Preview Of Remitly Global's Earnings
Portfolio Pulse from Benzinga Insights
Remitly Global (NASDAQ:RELY) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $-0.19. Historical data shows significant stock price movements post-earnings announcements, with a 31.86% drop last quarter after missing EPS estimates. Over the past year, RELY shares have increased by 57.77%, indicating a positive trend for long-term investors.
February 20, 2024 | 2:02 pm
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NEUTRAL IMPACT
Remitly Global is expected to report an EPS of $-0.19 for the upcoming quarter. Historical performance shows significant price volatility post-earnings, with a notable 31.86% drop last quarter after missing EPS estimates. Shares have risen 57.77% over the past year, indicating positive sentiment among long-term investors.
Given Remitly Global's history of significant stock price movements following earnings reports, the upcoming announcement could lead to similar volatility. However, the positive yearly stock performance suggests a generally bullish sentiment among investors. The expected EPS of $-0.19 and historical reactions to earnings misses add uncertainty, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100