Everbridge's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Everbridge (NASDAQ:EVBG) is scheduled to release its quarterly earnings report on February 26, 2024. Analysts predict an EPS of $0.49. The company's past earnings performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, over the last year, Everbridge's shares have declined by 13.56%, indicating potential investor concern. The upcoming earnings report and particularly the company's guidance for future quarters will be critical for investor sentiment.
February 23, 2024 | 4:01 pm
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Everbridge is expected to announce its quarterly earnings with an anticipated EPS of $0.49. Historical data shows its ability to surpass EPS estimates, which sometimes results in positive stock movements. However, the stock has experienced a 13.56% decline over the past year, highlighting the importance of the upcoming earnings report and future guidance for investor sentiment.
Everbridge's stock performance has been negative over the past year, indicating investor concern despite past EPS beats. The short-term impact of the earnings report will largely depend on whether the company can exceed the EPS estimate again and provide positive future guidance. Given the historical context, the stock could see positive movement if both conditions are met, but investor sentiment remains cautious.
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