Red Cat Holdings's Earnings Outlook

Red Cat Holdings RCAT is set to give its latest quarterly earnings report on Tuesday, 2023-09-19. Here's what investors need to know before the announcement.

Analysts estimate that Red Cat Holdings will report an earnings per share (EPS) of $-0.11.

Red Cat Holdings 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

Last quarter the company missed EPS by $0.16, which was followed by a 8.93% drop in the share price the next day.

Here's a look at Red Cat Holdings's past performance and the resulting price change:

Stock Performance

Shares of Red Cat Holdings were trading at $0.9314 as of September 15. Over the last 52-week period, shares are down 47.83%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Red Cat Holdings visit their earnings calendar on our site.

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