Cerence CRNC is preparing to release its quarterly earnings on Thursday, 2024-11-21. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Cerence to report an earnings per share (EPS) of $-0.38.
Anticipation surrounds Cerence's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings Track Record
Last quarter the company beat EPS by $0.14, which was followed by a 9.03% drop in the share price the next day.
Performance of Cerence Shares
Shares of Cerence were trading at $2.97 as of November 19. Over the last 52-week period, shares are down 82.79%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Cerence visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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