Earnings Outlook For Acacia Research
Portfolio Pulse from Benzinga Insights
Acacia Research (NASDAQ:ACTG) is expected to report an EPS of $0.07 in its upcoming quarterly earnings on March 14, 2024. Analysts and investors are particularly interested in the company's guidance for future growth. Despite missing EPS estimates in the past quarters, ACTG's stock price showed varied responses. Currently trading at $4.02, the stock has declined by 8.82% over the last year. Investors are keenly awaiting this earnings report, given the stock's recent performance.

March 13, 2024 | 3:01 pm
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Acacia Research is anticipated to report an EPS of $0.07 for the upcoming quarter, with significant interest in their future guidance. The stock has seen a 8.82% decline over the past year, trading at $4.02 as of March 12.
Given Acacia Research's recent performance and the anticipation around its earnings report, the short-term impact on its stock price is uncertain. While the company's past earnings misses and subsequent stock price reactions provide some context, the focus on future guidance means investor sentiment could swing either positively or negatively based on the outlook provided. The stock's recent downtrend adds to the uncertainty, making it difficult to predict the immediate price direction post-earnings.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100