A Preview Of Innovid's Earnings
Portfolio Pulse from Benzinga Insights
Innovid (NYSE:CTV) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $-0.01. Despite a miss in the last quarter, the stock price increased by 2.36% the following day. Historically, Innovid's stock performance has shown resilience with a 1.78% increase over the last 52 weeks, trading at $1.81 as of February 23. Investors are keen on both the earnings outcome and the company's future guidance.
February 26, 2024 | 8:02 pm
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NEUTRAL IMPACT
Innovid is expected to report an EPS of $-0.01 for the quarter. Despite a miss in the previous quarter, the stock price increased, indicating resilience. Shares have risen 1.78% over the last 52 weeks, with current trading at $1.81.
Innovid's upcoming earnings report is crucial, but past performance indicates that even a miss in EPS estimates does not necessarily lead to a decrease in stock price. The company's resilience and the investors' focus on future guidance rather than just the earnings outcome suggest a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100