Earnings Preview: Rekor Systems
Portfolio Pulse from Benzinga Insights
Rekor Systems (NASDAQ:REKR) is scheduled to release its quarterly earnings report on March 25, 2024, with an expected EPS of $-0.10. Historical performance shows a pattern of share price drops following earnings misses. Shares are currently trading at $1.95, up 36.62% over the last year. Investors are advised to watch for the company's guidance for future growth.
March 22, 2024 | 2:02 pm
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Rekor Systems is expected to report an EPS of $-0.10 for the upcoming quarter. Historical data shows share price volatility post-earnings, with a recent uptrend of 36.62% over the last year.
Given REKR's history of price movements post-earnings and the current positive trend, the upcoming earnings report could maintain the stock's volatility. The focus will be on whether REKR can beat the EPS estimate and provide strong future guidance, which could influence short-term price movements. However, the historical pattern of price drops following earnings misses suggests caution.
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