A Preview Of SoundHound AI's Earnings
Portfolio Pulse from Benzinga Insights
SoundHound AI (NASDAQ:SOUN) is expected to report its quarterly earnings with an estimated EPS of $-0.06 on Thursday, 2024-02-29. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. Historically, SoundHound AI's share price has reacted to both its earnings performance and the guidance provided. Last quarter, the company met its EPS estimate, resulting in a 3.47% share price increase the following day. Over the last year, SOUN shares have surged by 149.01%, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 7:00 pm
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SoundHound AI is anticipated to announce its quarterly earnings with an EPS estimate of $-0.06. Positive guidance and an earnings beat could significantly influence its stock price, considering its historical performance and the 149.01% increase in share price over the last year.
Given SoundHound AI's historical share price reactions to earnings announcements and guidance, a positive report could lead to an increase in stock price. The anticipation of beating the EPS estimate and providing optimistic future guidance, combined with a significant year-over-year share price increase, suggests a potential positive short-term impact on SOUN's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100