Earnings Preview: Rubicon Technologies
Portfolio Pulse from Benzinga Insights
Rubicon Technologies (NYSE:RBT) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $-0.45. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Despite beating EPS estimates in the past, RBT's share price has consistently dropped post-earnings, with a significant 89.33% decrease over the last 52 weeks. The stock was trading at $0.7247 as of March 5.
March 06, 2024 | 6:01 pm
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Rubicon Technologies is expected to report an EPS of $-0.45 for the upcoming quarter. Historical data shows a trend of share price drops post-earnings, despite beating estimates.
Given Rubicon Technologies' history of share price declines following earnings reports that beat estimates, and considering the significant 89.33% decrease in share price over the last year, it's likely that the upcoming earnings report could lead to further short-term declines in RBT's stock price, especially if the company fails to meet or exceed the EPS estimate and provide positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100