CPI Card PMTS is gearing up to announce its quarterly earnings on Tuesday, 2024-11-05. Here's a quick overview of what investors should know before the release.
Analysts are estimating that CPI Card will report an earnings per share (EPS) of $0.56.
CPI Card 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).
Overview of Past Earnings
In the previous earnings release, the company missed EPS by $0.07, leading to a 17.77% drop in the share price the following trading session.
Here's a look at CPI Card's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.58 | 0.41 | 0.32 | 0.49 |
| EPS Actual | 0.51 | 0.46 | 0.23 | 0.33 |
| Price Change % | -18.0% | 3.0% | -6.0% | -6.0% |
Market Performance of CPI Card's Stock
Shares of CPI Card were trading at $21.83 as of November 01. Over the last 52-week period, shares are up 58.27%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for CPI Card 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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