Vroom's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Vroom (NASDAQ:VRM) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $-29.60. Analysts and investors are keen on whether Vroom will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a pattern where misses in EPS estimates have led to significant drops in share price. Currently, Vroom's shares are trading at $13.1, marking an 80.58% decrease over the last 52 weeks, indicating a period of negative returns for long-term shareholders.
March 12, 2024 | 2:00 pm
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Vroom is expected to announce its quarterly earnings with an anticipated EPS of $-29.60. Historical performance shows significant price volatility post-earnings, with a notable downtrend over the past year.
Given Vroom's history of stock price volatility post-earnings and the current negative sentiment reflected in its 80.58% decline over the past year, the upcoming earnings report is crucial. However, the impact of the earnings report on the stock price is uncertain and will largely depend on whether Vroom can exceed the EPS estimate and provide positive future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100