Vicinity Motor's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Vicinity Motor Corp (NASDAQ:VEV) is scheduled to release its quarterly earnings report on March 28, 2024, with analysts expecting an EPS of $-0.06. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.04 but resulting in a 3.87% share price increase the following day. Over the last year, VEV shares have declined by 12.14%, indicating potential concern among long-term investors ahead of the earnings announcement.
March 27, 2024 | 4:01 pm
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Vicinity Motor Corp is expected to report an EPS of $-0.06 for the upcoming quarter. Historical data shows variable stock price reactions to earnings announcements, with a recent decline of 12.14% over the last year.
Given the mixed historical stock price reactions to Vicinity Motor's earnings announcements and the overall 12.14% decline in share price over the past year, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise could potentially uplift the stock, the recent downward trend and the importance of forward guidance suggest a neutral outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100