CBAK Energy Tech CBAT is set to give its latest quarterly earnings report on Friday, 2024-03-15. Here's what investors need to know before the announcement.
Analysts estimate that CBAK Energy Tech will report an earnings per share (EPS) of $0.01.
CBAK Energy Tech bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at CBAK Energy Tech's past performance and the resulting price change:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | ||||
| EPS Actual | 0.07 | -0.03 | -0.02 | -0.12 |
| Price Change % | -2.0% | -7.000000000000001% | -0.0% | -6.0% |
Stock Performance
Shares of CBAK Energy Tech were trading at $1.16 as of March 13. Over the last 52-week period, shares are up 27.96%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for CBAK Energy Tech visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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