Rumble's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Rumble (NASDAQ:RUM) is scheduled to release its quarterly earnings report on March 27, 2024, with an estimated EPS of $-0.22. Analysts and investors are keen on whether Rumble will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Rumble's stock price reacts to both earnings outcomes and forward-looking statements. Last quarter, Rumble exceeded EPS estimates, resulting in a 5.33% stock price increase. However, over the last year, Rumble's shares have declined by 17.2%, indicating a bearish outlook among long-term investors.
March 26, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Rumble is anticipated to report its quarterly earnings with an estimated EPS of $-0.22. Investors are looking for an earnings beat and positive future guidance. The stock has seen a 17.2% decline over the past year, indicating a bearish sentiment.
Rumble's upcoming earnings report is crucial for investors, especially given the stock's 17.2% decline over the past year. An earnings beat and positive guidance could potentially reverse the bearish sentiment. However, the stock's reaction will heavily depend on the actual earnings outcome and the forward-looking statements provided by the company. Given the historical volatility in stock price post-earnings, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100