Earnings Preview: Agora
Portfolio Pulse from Benzinga Insights
Agora (NASDAQ:API) is scheduled to release its quarterly earnings report on February 26, 2024, with an expected EPS of $-0.09. Analysts and investors will be closely watching if Agora can surpass this estimate and provide positive guidance for the next quarter. Agora's stock performance has been negative over the last year, with a 28.52% decline, and past earnings misses have led to significant price drops. The company's past earnings performance shows a mixed record of beating and missing EPS estimates.
February 23, 2024 | 5:00 pm
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Agora is expected to report an EPS of $-0.09 for the upcoming earnings, with past performance showing a significant impact on stock price post-earnings.
Agora's stock price has historically been sensitive to earnings reports and guidance. Given the expected EPS and past performance, the short-term impact could be neutral as investors may have already priced in the potential for an earnings miss or beat. However, any unexpected positive guidance could lead to a positive short-term price movement, while a miss or negative guidance could reinforce the bearish trend.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100