Earnings Preview: Synchronoss Technologies
Portfolio Pulse from Benzinga Insights
Synchronoss Technologies (NASDAQ:SNCR) is scheduled to release its quarterly earnings report on March 12, 2024, with an expected EPS of $-0.10. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 16.28% drop. Shares have risen 34.5% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
March 11, 2024 | 4:02 pm
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NEUTRAL IMPACT
Synchronoss Technologies is expected to report an EPS of $-0.10 for the upcoming quarter. The company's past earnings performance and the stock's positive year-over-year return suggest a mixed short-term impact.
Given the expected EPS of $-0.10 and the company's history of mixed stock price reactions to earnings reports, the short-term impact is uncertain. The positive year-over-year return suggests underlying bullish sentiment, but the previous quarter's significant drop post-earnings beat introduces caution.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100