Earnings Outlook For Energous
Portfolio Pulse from Benzinga Insights
Energous (NASDAQ:WATT) is scheduled to release its quarterly earnings report on March 28, 2024, with an expected EPS of $-0.85. Historically, the company has had mixed results in beating EPS estimates, with share price reactions varying significantly. Over the last year, WATT shares have declined by 79.23%, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching for both the earnings outcome and the company's future guidance.

March 27, 2024 | 7:01 pm
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NEUTRAL IMPACT
Energous is expected to report an EPS of $-0.85 for the upcoming quarter. Historical performance shows mixed results in beating estimates, with significant share price volatility following earnings announcements. Shares have significantly declined over the past year.
Given Energous's history of mixed earnings performance and the significant year-over-year decline in share price, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise and optimistic guidance could provide a boost, the company's track record suggests potential for volatility regardless of the outcome. The high relevance is due to the direct mention of the company and its upcoming earnings, with importance underscored by the historical price reactions to past earnings reports. Confidence in the analysis is high, considering the detailed historical data provided, but not absolute due to the unpredictable nature of market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100