UiPath's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
UiPath (NYSE:PATH) is anticipated to report an EPS of $0.16 in its upcoming quarterly earnings on March 13, 2024. Historical data shows positive stock price movements following earnings beats. Last quarter, PATH beat the EPS estimate by $0.05, leading to a 26.72% share price increase. Over the last year, PATH shares have risen by 62.67%, indicating bullish sentiment among long-term investors.
March 12, 2024 | 2:00 pm
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POSITIVE IMPACT
UiPath is expected to report a quarterly EPS of $0.16, with historical performance indicating positive stock price movements post-earnings announcements.
Given UiPath's history of beating EPS estimates and the subsequent positive stock price reactions, it's likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data provided shows a clear pattern of stock price increases following earnings beats, suggesting investor confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100