Recording systems REC is expected to deliver its latest quarterly earnings report on Monday 03-25-2024. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Rekor Systems will report a earning per share (EPS) of $-0.10.
Rekor Systems bulls are hoping to hear the company announce not only that it beat that estimate, but also provide positive guidance, or expected growth, for the next quarter.
New investors should keep in mind that sometimes it’s not the beat or miss that most influences a stock’s price, but the direction (or forecast).
Historical earnings performance
In the last quarter the company missed EPS by $0.02, followed by an 8.33% drop in its stock price the next day.
Here’s a look at Rekor Systems’ past performance and resulting price change:
| Quarter | Third quarter 2023 | Second quarter 2023 | First quarter 2023 | Fourth quarter 2022 |
|---|---|---|---|---|
| EPS estimate | -0.14 | -0.16 | -0.20 | -0.19 |
| Actual EPS | -0.16 | -0.18 | -0.23 | -0.10 |
| Price change % | -8.0% | -9.0% | 0.0% | -8.0% |
Stock performance
Rekor Systems shares were trading at $1.95 as of March 21. Over the past 52 weeks, shares have risen 36.62%. Given that these returns are generally positive, long-term shareholders should be satisfied ahead of the earnings release.
To keep track of all earnings releases for Rekor Systems, visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.