Earnings Outlook For AvePoint
Portfolio Pulse from Benzinga Insights
AvePoint (NASDAQ:AVPT) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.03. Analysts and investors are keen on not just the earnings beat but also the forward guidance AvePoint will provide. Despite missing the EPS estimate last quarter, AvePoint's stock price increased by 10.53% the following day. Historically, AvePoint's stock performance has shown volatility post-earnings announcement, with significant price changes. Currently, shares are trading at $7.99, marking a 56.86% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 4:01 pm
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POSITIVE IMPACT
AvePoint is expected to announce its quarterly earnings with an anticipated EPS of $0.03. The company's past earnings performance and the subsequent stock price reactions highlight the importance of not just the earnings beat or miss but also the forward guidance provided. With a 56.86% increase in share price over the last year, investor sentiment appears bullish.
Given AvePoint's history of stock price volatility post-earnings announcement and the current bullish sentiment indicated by a 56.86% year-over-year increase, the upcoming earnings report and particularly the forward guidance could have a positive short-term impact on AVPT's stock price. The anticipation of beating the EPS estimate and providing positive guidance could further fuel investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100