Vuzix Earnings Preview
Portfolio Pulse from Benzinga Insights
Vuzix (NASDAQ:VUZI) is scheduled to release its quarterly earnings report on March 28, 2024, with an expected EPS of $-0.15. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant share price drops the following day. Over the last year, Vuzix shares have decreased by 67.95%, indicating a negative trend for long-term shareholders. Investors are looking for a beat on the EPS estimate and positive guidance for the next quarter.
March 27, 2024 | 2:01 pm
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NEGATIVE IMPACT
Vuzix is expected to report an EPS of $-0.15 for the upcoming quarterly earnings. Historical data shows missed EPS estimates often lead to significant share price drops. Shares have fallen 67.95% over the last year, indicating a negative sentiment among long-term shareholders.
Given Vuzix's history of not meeting EPS estimates and the subsequent negative impact on its share price, it's likely that any deviation from the expected EPS could lead to a short-term decrease in stock price. The long-term downward trend in share price further supports a negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100