Red Cat Holdings Earnings Preview
Portfolio Pulse from Benzinga Insights
Red Cat Holdings (NASDAQ:RCAT) is scheduled to release its quarterly earnings report on March 18, 2024, with an estimated EPS of $-0.04. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for future growth. Historical performance shows mixed results with both misses and beats in past quarters. Shares have been trading at $0.79 as of March 14, reflecting a 23.59% decline over the last year, indicating a bearish sentiment among long-term shareholders.
March 15, 2024 | 3:01 pm
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Red Cat Holdings is expected to report an EPS of $-0.04 for the upcoming quarter. Historical performance and current share price trends suggest a cautious outlook.
Given the historical performance where misses and beats have led to varied stock price reactions, and the current negative yearly return, the short-term impact is uncertain. The market's reaction will likely hinge on whether RCAT meets or exceeds the EPS estimate and provides positive future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100