Earnings Preview: Ryvyl
Portfolio Pulse from Benzinga Insights
Ryvyl (NASDAQ:RVYL) is scheduled to release its quarterly earnings report on 2024-03-26, with analysts expecting an EPS of $-0.40. The company's past earnings performance shows a trend of missing EPS estimates, leading to subsequent drops in share price. Shares are currently trading at $3.69, up 5.43% over the last year. Investors are looking for not just an earnings beat but also positive guidance for the next quarter.
March 25, 2024 | 2:18 pm
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NEUTRAL IMPACT
Ryvyl is expected to report an EPS of $-0.40 for the latest quarter. Historical performance shows a pattern of missing estimates and subsequent stock price declines. Shares have risen 5.43% over the past year.
Given Ryvyl's history of missing EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is critical. However, the stock's positive year-to-date performance suggests some investor optimism. The anticipation of not just meeting but exceeding the EPS estimate and providing positive future guidance could influence the stock's short-term performance. The score is neutral due to the uncertainty surrounding the company's ability to surpass expectations and the mixed signals from past performance and current stock trends.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100