Asensus Surgical Earnings Preview
Portfolio Pulse from Benzinga Insights
Asensus Surgical (AMEX:ASXC) is anticipated to report a quarterly EPS of $-0.08 on March 21, 2024. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but resulting in a 6.17% share price drop. Over the last year, ASXC shares have declined by 57.35%, indicating potential investor concern ahead of the earnings announcement. Analysts and investors will be keenly watching for not just the earnings outcome but also the company's future guidance.
March 20, 2024 | 5:01 pm
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Asensus Surgical is expected to report a quarterly EPS of $-0.08 on March 21, 2024. The company's past earnings performance and the significant annual share price decline of 57.35% may influence investor sentiment.
Given the mixed historical earnings performance and the significant decline in share price over the past year, the short-term impact on ASXC's stock price is uncertain. While a positive earnings surprise could provide a boost, the overall negative trend and investor sentiment may limit upside potential. The company's future guidance will be crucial in determining the stock's direction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100