Agora API is gearing up to announce its quarterly earnings on Monday, 2024-11-25. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Agora will report an earnings per share (EPS) of $-0.04.
Agora 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).
Historical Earnings Performance
In the previous earnings release, the company beat EPS by $0.01, leading to a 6.84% drop in the share price the following trading session.
Here's a look at Agora's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.070 | -0.09 | -0.09 | -0.10 |
| EPS Actual | -0.064 | -0.05 | 0.01 | -0.16 |
| Price Change % | -7.000000000000001% | -11.0% | 19.0% | -9.0% |
Stock Performance
Shares of Agora were trading at $4.56 as of November 21. Over the last 52-week period, shares are up 67.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Agora 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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