What's Going On With UiPath Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
UiPath, Inc. (NYSE:PATH) shares are trading lower ahead of the company's first-quarter earnings report. Analysts expect earnings of 12 cents per share and revenue of $333.039 million. Last quarter, UiPath beat earnings and revenue estimates. The company recently unveiled the UiPath Business Automation Platform in partnership with Microsoft. Trading volume is significantly higher than average as investors anticipate the earnings report.
May 29, 2024 | 7:35 pm
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UiPath shares are trading lower ahead of its Q1 earnings report, with analysts expecting EPS of 12 cents and revenue of $333.039 million. The company recently announced a significant partnership with Microsoft, which could positively impact future performance. Trading volume is notably higher, indicating strong investor interest.
The stock is trading lower ahead of earnings, which is common as investors adjust positions based on expectations. The recent partnership with Microsoft is a positive development but its impact will be more long-term. High trading volume suggests strong investor interest, but the immediate impact on the stock price is neutral until the earnings report is released.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100