A Preview Of Owlet's Earnings
Portfolio Pulse from Benzinga Insights
Owlet (NYSE:OWLT) is scheduled to release its quarterly earnings report on March 7, 2024, with an expected EPS of $-0.04. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to varying degrees of share price drops. Owlet's stock performance over the last year has been negative, with a 12.54% decrease. Investors are looking for a beat on the EPS estimate and positive guidance for the next quarter.
March 06, 2024 | 5:02 pm
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NEUTRAL IMPACT
Owlet is expected to announce its quarterly earnings with an anticipated EPS of $-0.04. Historical performance shows a trend of not meeting EPS estimates, affecting stock prices negatively. The stock has seen a 12.54% decrease over the last year.
Given Owlet's history of not meeting EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is crucial. However, the anticipation of positive guidance could mitigate past negative trends, making the short-term impact neutral as investors may adopt a wait-and-see approach.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100