Earnings Outlook For Desktop Metal
Portfolio Pulse from Benzinga Insights
Desktop Metal (NYSE:DM) is scheduled to release its quarterly earnings report on March 15, 2024. Analysts predict an EPS of $-0.05. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to varying stock price reactions. Shares are currently trading at $0.6426, down 68.53% over the last year. Investors are advised to pay attention to the company's guidance for future growth, as it can significantly impact stock prices.
March 14, 2024 | 2:01 pm
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Desktop Metal is expected to report an EPS of $-0.05 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, which has led to negative stock price movements. The stock is currently down 68.53% over the last year.
Given Desktop Metal's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it is likely that any deviation from the expected EPS could lead to further declines in the short term. The stock's current downward trend and past reactions to earnings reports suggest a high relevance and importance of the upcoming earnings announcement to investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100