Earnings Preview: Joby Aviation
Portfolio Pulse from Benzinga Insights
Joby Aviation (NYSE:JOBY) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $-0.18. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, Joby Aviation has had mixed earnings performance but has seen a 44.06% increase in share price over the last 52 weeks. The company's stock was trading at $6.2 as of February 19.
February 20, 2024 | 2:02 pm
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POSITIVE IMPACT
Joby Aviation is expected to report an EPS of $-0.18 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings announcements. Shares have increased 44.06% over the last 52 weeks.
Given Joby Aviation's history of beating EPS estimates and the subsequent positive impact on its stock price, there is a high likelihood of a positive short-term impact on JOBY's stock price if they beat the EPS estimate again and provide positive guidance. The 44.06% increase in share price over the last year further supports investor optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100