Richardson Electronics's Earnings Outlook

Richardson Electronics RELL is gearing up to announce its quarterly earnings on Wednesday, 2024-10-09. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Richardson Electronics will report an earnings per share (EPS) of $-0.01.

Richardson Electronics 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).

Earnings Track Record

The company's EPS beat by $0.06 in the last quarter, leading to a 2.43% increase in the share price on the following day.

Here's a look at Richardson Electronics's past performance and the resulting price change:

Tracking Richardson Electronics's Stock Performance

Shares of Richardson Electronics were trading at $12.69 as of October 07. Over the last 52-week period, shares are up 13.88%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Richardson Electronics visit their earnings calendar on our site.

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