Crexendo's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Crexendo (NASDAQ:CXDO) is scheduled to release its quarterly earnings report on March 5, 2024, with an expected EPS of $0.04. Historically, the company has surpassed EPS estimates, leading to significant stock price movements. Last quarter, Crexendo beat the EPS estimate by $0.10, resulting in a 9.71% share price increase the following day. Over the past year, CXDO shares have surged by 196.13%, indicating strong investor confidence ahead of the upcoming earnings announcement.
March 04, 2024 | 5:01 pm
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Crexendo is expected to report an EPS of $0.04 for the upcoming quarter, with historical performance showing a tendency to beat estimates and positively impact stock prices.
Given Crexendo's history of surpassing EPS estimates and the subsequent positive reactions in its stock price, there is a strong likelihood of a positive short-term impact on CXDO shares following the earnings announcement. The anticipation of beating the EPS estimate again, coupled with the company's impressive 196.13% stock increase over the past year, suggests a continuation of investor confidence and potential stock price growth.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100