Veritone's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Veritone (NASDAQ:VERI) is scheduled to release its quarterly earnings report on March 12, 2024, with an expected EPS of $-0.15. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Veritone's stock performance has been negative over the past year, with a 61.97% decline, and past earnings misses have led to significant price drops. The company's past earnings performance shows a pattern of not meeting EPS estimates, which has previously resulted in substantial share price volatility.
March 11, 2024 | 4:01 pm
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NEUTRAL IMPACT
Veritone is expected to report an EPS of $-0.15 for the upcoming quarter. Historical data shows that missing EPS estimates has negatively impacted its stock price, with a significant yearly decline of 61.97%. Investors will be keen on earnings performance and future guidance.
Given Veritone's history of not meeting EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is crucial. However, the score is neutral (0) due to the uncertainty surrounding the actual results and their alignment with expectations. The importance is high (90) as earnings reports are critical moments for investors, and the confidence level is set at 85, reflecting the clear historical pattern but acknowledging the unpredictability of market reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100