A Preview Of Skillz's Earnings
Portfolio Pulse from Benzinga Insights
Skillz (NYSE:SKLZ) is anticipated to release its quarterly earnings report on March 14, 2024, with an expected EPS of $-1.41. Analysts and investors are keen on not just the earnings beat or miss but also the company's guidance for future growth. Historical data shows a pattern of stock price decline following earnings misses. Currently, Skillz shares are trading at $6.9, marking a 31.68% decrease over the last year, indicating a bearish sentiment among long-term shareholders.
March 13, 2024 | 7:02 pm
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NEGATIVE IMPACT
Skillz is expected to report a quarterly EPS of $-1.41 on March 14, 2024. Historical performance shows a negative impact on stock prices following earnings misses. Currently, the stock is down 31.68% over the past year, indicating bearish sentiment.
Given the historical trend where Skillz's stock price declined following earnings misses, and considering the current bearish sentiment reflected by a 31.68% decrease in share price over the last year, it's likely that any negative deviation from the expected EPS or unfavorable future guidance could lead to a short-term decline in SKLZ's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100