Earnings Preview For Peraso
Portfolio Pulse from Benzinga Insights
Peraso (NASDAQ:PRSO) is scheduled to release its quarterly earnings report on Monday, 2024-03-18, with an estimated EPS of $-3.76. Analysts and investors are keen on whether Peraso will surpass this estimate and provide positive guidance for the next quarter. Historically, Peraso's share price has reacted negatively to past earnings reports, despite beating or meeting EPS estimates. The stock has experienced a significant decline over the last year, with shares down 92.68%.
March 15, 2024 | 3:01 pm
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NEGATIVE IMPACT
Peraso is expected to report an EPS of $-3.76 for the upcoming quarter. Historical data shows negative stock price reactions to past earnings reports, despite beating EPS estimates. The stock has significantly underperformed over the past year.
Given Peraso's history of negative stock price reactions following earnings reports and the significant annual decline, it's likely that the upcoming earnings report could further pressure the stock price, especially if the company fails to exceed the EPS estimate or provide positive future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100