Earnings Preview For 22nd Century Group
Portfolio Pulse from Benzinga Insights
22nd Century Group (NASDAQ:XXII) is scheduled to release its quarterly earnings report on March 28, 2024, with an estimated EPS of $-0.55. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but followed by a 4.87% drop in share price. Over the last year, XXII shares have declined by 98.86%, indicating potential concern among long-term investors ahead of this earnings announcement.
March 27, 2024 | 4:01 pm
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22nd Century Group is expected to report an EPS of $-0.55 for the upcoming quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a significant overall decline of 98.86% over the past year.
Given the historical performance where earnings beats and misses have led to varied stock price reactions, and considering the significant year-to-date decline, the short-term impact of the upcoming earnings report on XXII's stock price is uncertain. The anticipation of the earnings report may lead to increased volatility, but the direction is unclear without knowing if they will beat the EPS estimate and provide positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100