What to Expect from Nidec's Earnings

Nidec NJDCY is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Nidec will report an earnings per share (EPS) of $0.07.

Investors in Nidec are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Historical Earnings Performance

Last quarter the company beat EPS by $0.01, which was followed by a 1.23% increase in the share price the next day.

Here's a look at Nidec's past performance and the resulting price change:

Tracking Nidec's Stock Performance

Shares of Nidec were trading at $4.835 as of October 21. Over the last 52-week period, shares are down 0.52%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Nidec visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.