Earnings Preview: Sequans Communications
Portfolio Pulse from Benzinga Insights
Sequans Communications (NYSE:SQNS) is scheduled to release its quarterly earnings report on March 7, 2024, with an expected EPS of $-0.15. Historical performance shows mixed results with the last quarter missing estimates, leading to a 0.0% change in share price. Over the past year, SQNS shares have declined by 69.45%, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not just the earnings results but also the company's guidance for future growth.
March 06, 2024 | 6:02 pm
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NEGATIVE IMPACT
Sequans Communications is expected to report an EPS of $-0.15 for the upcoming quarter. Historical earnings performance and a significant annual decline in share price suggest a bearish outlook. Investors will focus on earnings results and future guidance.
Given the historical performance where SQNS missed its EPS estimate last quarter without affecting its share price, and considering the significant annual decline in share price, it's likely that the upcoming earnings report could have a negative impact. The focus will be on whether SQNS can beat the EPS estimate and provide positive future guidance. However, the bearish sentiment among long-term shareholders and the overall negative trend might outweigh potential positive news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100