AEye Earnings Preview
Portfolio Pulse from Benzinga Insights
AEye (NASDAQ:LIDR) is scheduled to release its quarterly earnings report on March 26, 2024, with analysts expecting an EPS of $-1.20. The company's past earnings performance shows a pattern of beating EPS estimates but experiencing share price drops the following day. AEye's stock has declined 82.14% over the last 52 weeks, trading at $1.65 as of March 22. Investors are looking for positive guidance for the next quarter beyond the earnings beat.
March 25, 2024 | 7:01 pm
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NEGATIVE IMPACT
AEye is expected to report an EPS of $-1.20 for the upcoming quarter. Historical data shows a trend of beating EPS estimates but experiencing subsequent share price drops. The stock has significantly declined over the past year.
Given AEye's history of beating EPS estimates but facing declines in share price the following day, and considering the significant 82.14% decline in stock value over the past year, it's likely that the upcoming earnings report could lead to a short-term negative impact on LIDR's stock price. The anticipation of positive future guidance might mitigate some negative sentiment, but the historical trend and current stock performance suggest a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100