MariMed (OTC:MRMD) is set to give its latest quarterly earnings report on Wednesday, 2024-11-06. Here's what investors need to know before the announcement.
Analysts estimate that MariMed will report an earnings per share (EPS) of $-0.01.
MariMed 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
In the previous earnings release, the company beat EPS by $0.01, leading to a 3.43% increase in the share price the following trading session.
Here's a look at MariMed's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | -0.01 | 0 | 0 |
| EPS Actual | 0 | 0 | 0.004 | -0.01 |
| Price Change % | 3.0% | -5.0% | -2.0% | -0.0% |
Performance of MariMed Shares
Shares of MariMed were trading at $0.1629 as of November 04. Over the last 52-week period, shares are down 49.97%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for MariMed visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.