Constellium CSTM is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Constellium to report an earnings per share (EPS) of $0.50.
The announcement from Constellium is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings History Snapshot
In the previous earnings release, the company beat EPS by $0.06, leading to a 2.79% drop in the share price the following trading session.
Here's a look at Constellium's past performance and the resulting price change:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 0.46 | 0.27 | 0.320 | 0.45 |
EPS Actual | 0.52 | 0.12 | 0.075 | 0.47 |
Price Change % | -3.0% | 2.0% | 1.0% | 4.0% |
Stock Performance
Shares of Constellium were trading at $14.14 as of October 21. Over the last 52-week period, shares are down 1.17%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Constellium 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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