QuantumScape QS is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect QuantumScape to report an earnings per share (EPS) of $-0.21.
Anticipation surrounds QuantumScape'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.
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.03, leading to a 7.77% drop in the share price the following trading session.
Here's a look at QuantumScape's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.22 | -0.21 | -0.34 | -0.30 |
| EPS Actual | -0.25 | -0.24 | -0.23 | -0.23 |
| Price Change % | -8.0% | -7.000000000000001% | -6.0% | -7.000000000000001% |
Stock Performance
Shares of QuantumScape were trading at $5.2 as of October 21. Over the last 52-week period, shares are down 6.06%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for QuantumScape 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
