CBAK Energy Tech Earnings Preview
Portfolio Pulse from Benzinga Insights
CBAK Energy Tech (NASDAQ:CBAT) is scheduled to release its quarterly earnings report on March 15, 2024, with an estimated EPS of $0.01. Investors are hopeful for a beat on this estimate and positive guidance for future growth. Historical performance shows mixed results with both earnings beats and misses, leading to varied stock price reactions. CBAT's stock has risen 27.96% over the last 52 weeks, trading at $1.16 as of March 13.
March 14, 2024 | 3:00 pm
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CBAK Energy Tech is expected to report an EPS of $0.01 for the upcoming quarter, with investors looking forward to positive guidance and potential stock price impact.
Given the historical performance where earnings beats and misses have led to varied stock price reactions, a positive earnings report and guidance from CBAT could likely lead to a short-term price increase. The anticipation of this event, coupled with a 27.96% rise in stock price over the last year, suggests a positive outlook among investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100