Inseego Corp (INSG) is reporting earnings on August 08. Lets zoom in on how the stock is performing.
An EPS (earnings per share) of -$0.11, EPS GAAP Estimate
-$0.17, and Revenue Estimate $62.36M is expected to be reported by Inseego Corp according to analyst consensus.
Inseego Corp bulls will obviously be hoping that the earnings report beats the analysts' estimates and also sets strong expectations for the company to grow in coming quarters.
There are two primary things that INSG bears will be concerned with. The first is that the reported EPS underperformed the estimates of analysts. Stocks respond unfavorably to that news. The second is that the report outlines a negative growth story for the stock in the coming quarters.
Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This is because the company's earnings report is a snapshot of the company's performance, and the analysts' estimates are a consensus projection of the company's future.
Share price moves can have an impact on existing shareholder sentiment. As of July 31 shares of INSG are trading at $2.23. Over the last 52-week period, the price is down -76.8%.