Earnings Preview: BuzzFeed
Portfolio Pulse from Benzinga Insights
BuzzFeed (NASDAQ:BZFD) is scheduled to release its quarterly earnings report on Monday, 2024-03-25, with analysts expecting an EPS of $0.00. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops. Shares are currently trading at $0.3875, down 59.95% over the last 52 weeks. Investors will be closely watching for both the earnings outcome and the company's future guidance.
March 22, 2024 | 2:01 pm
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BuzzFeed is anticipated to report an EPS of $0.00 for the upcoming quarter. Historical data shows missed EPS estimates often result in share price declines. Currently, shares have fallen 59.95% over the past year.
Given BuzzFeed's history of not meeting EPS estimates and the subsequent negative impact on its share price, there's a high likelihood of a negative short-term impact if the trend continues. The anticipation of the earnings report, coupled with the company's past performance, suggests a cautious outlook for BZFD's stock in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100