Ryvyl RVYL is gearing up to announce its quarterly earnings on Thursday, 2024-11-14. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Ryvyl will report an earnings per share (EPS) of $-0.26.
Ryvyl 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).
Performance in Previous Earnings
Last quarter the company beat EPS by $0.37, which was followed by a 30.18% drop in the share price the next day.
Here's a look at Ryvyl's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.96 | -0.40 | -0.4 | |
| EPS Actual | -0.59 | -0.45 | -1.17 | -0.6 |
| Price Change % | -30.0% | 12.0% | -32.0% | -9.0% |
Stock Performance
Shares of Ryvyl were trading at $1.86 as of November 12. Over the last 52-week period, shares are down 2.57%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Ryvyl 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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