Earnings Preview For PLAYSTUDIOS
Portfolio Pulse from Benzinga Insights
PLAYSTUDIOS (NASDAQ:MYPS) is scheduled to release its quarterly earnings report on March 11, 2024, with an expected EPS of $-0.02. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat leading to a 9.66% drop. Shares are currently trading at $2.13, down 40.9% over the last year. Investors are looking for positive guidance for the next quarter.
March 08, 2024 | 3:00 pm
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NEUTRAL IMPACT
PLAYSTUDIOS is expected to report an EPS of $-0.02 for the upcoming quarter. Past earnings have shown mixed impacts on stock price, with a notable 9.66% drop after last quarter's beat.
Given PLAYSTUDIOS's mixed past performance and the current negative trend in stock price, the upcoming earnings report could have a neutral to slightly negative impact. The company's ability to beat the EPS estimate and provide positive future guidance will be key factors. However, the historical data shows that even beating estimates does not guarantee a positive stock price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100