Earnings Preview: Largo
Portfolio Pulse from Benzinga Insights
Largo (NASDAQ:LGO) is scheduled to release its quarterly earnings report on Thursday, 2024-03-21, with analysts expecting an EPS of $-0.05. The focus for investors will be on whether Largo beats this estimate and provides positive guidance for the next quarter. Largo's past earnings performance shows a trend of missing EPS estimates, leading to significant drops in share price. Currently, Largo shares are trading at $1.69, marking a 64.35% decrease over the last 52 weeks, indicating general investor dissatisfaction.
March 20, 2024 | 3:01 pm
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Largo is expected to report an EPS of $-0.05 for the quarter. Past trends show missed EPS estimates leading to stock price declines. Shares are currently down 64.35% over the last year.
Given Largo's history of missing EPS estimates and the subsequent negative impact on its stock price, there is a high likelihood of a short-term negative impact if the trend continues. The significant yearly decline in share price further emphasizes the importance of this earnings report for investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100