Data Storage DTST is gearing up to announce its quarterly earnings on Thursday, 2024-11-14. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Data Storage will report an earnings per share (EPS) of $0.05.
The announcement from Data Storage 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 Track Record
Last quarter the company missed EPS by $0.07, which was followed by a 0.97% increase in the share price the next day.
Here's a look at Data Storage's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.03 | |||
| EPS Actual | -0.04 | 0.05 | -0.01 | 0.02 |
| Price Change % | 1.0% | -1.0% | -25.0% | 2.0% |
Market Performance of Data Storage's Stock
Shares of Data Storage were trading at $4.94 as of November 12. Over the last 52-week period, shares are up 49.08%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Data Storage 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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