Universal Stainless USAP is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here’s what investors need to know before the announcement.
Analysts estimate that Universal Stainless will report an earnings per share (EPS) of $-0.11.
Universal Stainless bulls will hope to hear the company to 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 missed EPS by $0.05, which was followed by a 0.75% drop in the share price the next day.
Here’s a look at Universal Stainless’s past performance and the resulting price change:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
|Price Change %||-0.75%||-3.7%||-4.57%||-2.62%|
Shares of Universal Stainless were trading at $7.45 as of July 25. Over the last 52-week period, shares are down 33.18%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for Universal Stainless visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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