Earnings Preview For Microvision
Portfolio Pulse from Benzinga Insights
Microvision (NASDAQ:MVIS) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $-0.09. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Microvision's past earnings performance shows a trend of not meeting EPS estimates, leading to subsequent drops in share price. Currently, shares are trading at $2.09, reflecting a 9.11% decrease over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 27, 2024 | 7:01 pm
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NEGATIVE IMPACT
Microvision is expected to report an EPS of $-0.09 for the upcoming quarter. Past trends show missed EPS estimates leading to stock price declines. Shares are currently down 9.11% over the last year, indicating bearish sentiment.
Given Microvision's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it's likely that any failure to meet or exceed the expected EPS of $-0.09 could result in a short-term decline in MVIS stock. The current trading price and the 9.11% decrease over the last year further support a bearish outlook, making it crucial for the company to provide positive guidance to counteract the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100