Zhihu ZH is scheduled to release its latest quarterly earnings report on Wednesday, March 22, 2023. Ahead of the announcement, here are some key points for investors to consider.
According to analysts, Zhihu is expected to report an earnings per share (EPS) of $-0.09. However, investors who are optimistic about the company's performance will be hoping for an earnings beat and positive guidance for the next quarter.
It's worth noting that the impact on stock prices is not solely determined by whether a company beats or misses earnings estimates. Guidance or forecasted growth can also significantly influence stock prices.
In the previous quarter, Zhihu exceeded EPS expectations by $0.05. However, this positive surprise was followed by a 4.67% drop in the share price the next day. Here is a summary of Zhihu's past performance and the resulting price changes:
Quarter | EPS Estimate | EPS Actual | Price Change %
Q3 2022 | -0.11 | -0.06 | -4.67%
Q2 2022 | -1.02 | -0.11 | -0.38%
Q1 2022 | -0.14 | -0.10 | 21.9%
Q4 2021 | -0.08 | -0.06 | -5.92%
As of March 20, Zhihu's shares were trading at $1.13. Over the past 52 weeks, the stock has experienced a decline of 58.41%. These negative returns suggest that long-term shareholders may have a bearish outlook leading up to this earnings release.
To stay updated on all earnings releases for Zhihu, you can visit their earnings calendar on our site.
This article has been generated by Benzinga's automated content engine and reviewed by an editor.