Preview: Danimer Scientific's Earnings
Portfolio Pulse from Benzinga Insights
Danimer Scientific (NYSE:DNMR) is scheduled to release its quarterly earnings report on March 28, 2024, with an estimated EPS of $-0.38. Analysts and investors are keen on whether DNMR will surpass this estimate and provide positive future guidance. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant stock price fluctuations. Currently, DNMR shares are trading at $1.03, marking a 65.91% decrease over the last year, indicating investor concern ahead of the earnings announcement.
March 27, 2024 | 3:00 pm
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Danimer Scientific is anticipated to report a quarterly EPS of $-0.38. Historical performance shows missed EPS estimates leading to stock price volatility. Shares have significantly declined over the past year.
Given DNMR's history of not meeting EPS estimates and the subsequent negative impact on its stock price, the upcoming earnings report is crucial. However, the anticipation of positive guidance could mitigate concerns. The stock's recent performance indicates a bearish sentiment, but an earnings beat or positive future outlook could provide a short-term uplift.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100