Earnings Outlook For Adtran
Portfolio Pulse from Benzinga Insights
Adtran (NASDAQ:ADTN) is scheduled to release its quarterly earnings report on February 26, 2024, with analysts expecting an EPS of $-0.11. The company's past earnings performance shows a history of not meeting EPS estimates, leading to significant share price drops the following day. Shares of Adtran have decreased by 64.84% over the last 52 weeks, indicating a negative sentiment among long-term shareholders ahead of this earnings release.
February 23, 2024 | 2:01 pm
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NEGATIVE IMPACT
Adtran is expected to report an EPS of $-0.11 for the upcoming earnings, with a history of not meeting EPS estimates leading to significant price drops. The stock has seen a 64.84% decrease over the past year, indicating negative sentiment.
Given Adtran's history of not meeting EPS estimates and the subsequent negative impact on its share price, it is likely that the upcoming earnings report could lead to a further decrease in stock price, especially if the company fails to meet or exceed the expected EPS. The long-term negative performance of the stock further supports the potential for a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100