Microvast Holdings (NASDAQ:MVST) is set to give its latest quarterly earnings report on Thursday, 2023-03-16. Here’s what investors need to know before the announcement.
Analysts estimate that Microvast Holdings will report an earnings per share (EPS) of $-0.15.
Microvast 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).
Here’s a look at Microvast Holdings’s past performance and the resulting price change:
|Quarter||Q3 2022||Q2 2022||Q1 2022||Q4 2021|
|Price Change %||0.82%||6.09%||19.05%||-7.82%|
Shares of Microvast Holdings were trading at $1.31 as of March 14. Over the last 52-week period, shares are down 81.81%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Microvast Holdings visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.