Star Equity Hldgs (NASDAQ:STRR) is set to give its latest quarterly earnings report on Friday, 2023-08-11. Here’s what investors need to know before the announcement.
Analysts estimate that Star Equity Hldgs will report an earnings per share (EPS) of $0.05.
Star Equity Hldgs 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).
Past Earnings Performance
Last quarter the company beat EPS by $0.06, which was followed by a 6.07% drop in the share price the next day.
Here’s a look at Star Equity Hldgs’s past performance and the resulting price change:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 0 | -0.02 | 0.07 | |
| EPS Actual | 0.06 | 0.14 | 0.05 | 0.03 |
| Price Change % | -6.07% | -1.18% | -14.28% | 6.73% |
Stock Performance
Shares of Star Equity Hldgs were trading at $0.945 as of August 09. Over the last 52-week period, shares are down 13.88%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Star Equity Hldgs visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
