Earnings Outlook For PubMatic
Portfolio Pulse from Benzinga Insights
PubMatic (NASDAQ:PUBM) is anticipated to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.20. Historical data shows variable stock price reactions to past earnings reports, with a notable 23.64% increase after last quarter's earnings beat. Shares are currently trading at $16.05, reflecting a 5.08% increase over the last 52 weeks. Investors are keen on both the earnings outcome and the company's future guidance.
February 23, 2024 | 4:01 pm
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PubMatic is expected to report an EPS of $0.20 for the upcoming quarterly earnings, with historical performance showing significant stock price movements post-earnings. Currently trading at $16.05, the stock has seen a 5.08% increase over the past year.
Given PubMatic's history of significant stock price movements post-earnings, especially after last quarter's 23.64% increase following an earnings beat, there's a strong likelihood of positive short-term impact if the company meets or exceeds the expected EPS of $0.20. The anticipation of future guidance also plays a crucial role in investor sentiment, potentially leading to increased stock volatility around the earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100