Preview: Polestar Automotive's Earnings
Portfolio Pulse from Benzinga Insights
Polestar Automotive (NASDAQ:PSNY) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $-0.15. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, PSNY's stock price has reacted more significantly to guidance than to earnings beats or misses. In the last quarter, PSNY beat its EPS estimate, resulting in an 8.72% drop in share price the following day. Over the past year, PSNY shares have declined by 72.52%.
February 28, 2024 | 2:02 pm
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Polestar Automotive is expected to announce its quarterly earnings with an anticipated EPS of $-0.15. The focus will be on beating this estimate and the forward guidance. Historical data shows significant stock price movements post-earnings, with a notable 72.52% decline over the past year.
Given PSNY's history of stock price sensitivity to earnings announcements and guidance, the upcoming report could maintain the stock's volatility. However, the anticipation of positive guidance might counterbalance the negative trend, making the short-term impact neutral.
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IMPORTANCE 90
RELEVANCE 100