Creative Media (NASDAQ:CMCT) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Creative Media will report an earnings per share (EPS) of $-0.65.
The market awaits Creative Media's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Overview of Past Earnings
Last quarter the company beat EPS by $0.06, which was followed by a 1.1% drop in the share price the next day.
Here's a look at Creative Media's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.49 | -0.50 | -0.48 | -0.69 |
| EPS Actual | -0.43 | -0.54 | -0.72 | -1.01 |
| Price Change % | -1.0% | 0.0% | 1.0% | -2.0% |
Performance of Creative Media Shares
Shares of Creative Media were trading at $0.4005 as of November 06. Over the last 52-week period, shares are down 90.18%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Creative Media visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
