A Preview Of HeartBeam's Earnings
Portfolio Pulse from Benzinga Insights
HeartBeam (NASDAQ:BEAT) is scheduled to release its quarterly earnings report on March 20, 2024, with an expected EPS of $-0.13. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a correlation between earnings performance and stock price movement, with shares currently trading at $2.32, reflecting a 7.6% decrease over the last 52 weeks.
March 19, 2024 | 3:02 pm
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NEUTRAL IMPACT
HeartBeam is expected to announce an EPS of $-0.13 in its upcoming earnings report, with investors looking for positive future guidance. Historical performance shows significant stock price movements post-earnings. Currently, shares are down 7.6% over the last year.
HeartBeam's stock price has historically shown sensitivity to earnings announcements and deviations from EPS estimates. Given the anticipation of the upcoming report and the company's recent performance trend, the short-term impact on BEAT's stock price could be neutral. Investors will likely focus on the company's ability to meet or exceed the EPS estimate and any forward-looking statements. However, the current downward trend in the stock price over the last year suggests investor caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100