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2023-01-25 14:02:01

Earnings Outlook For STMicroelectronics

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Benzinga
By Benzinga Insights

STMicroelectronics STM is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement.

Analysts estimate that STMicroelectronics will report an earnings per share (EPS) of $1.13.

STMicroelectronics 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 $0.12, which was followed by a 0.95% increase in the share price the next day.

Here's a look at STMicroelectronics's past performance and the resulting price change:

Continue read on benzinga.com

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