Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On Friday, June 14, Cheetah Mobile (NYSE:CMCM) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Based on Cheetah Mobile management projections, analysts predict EPS of 6 cents on revenue of $155.06 million.
The Wall Street estimate would represent a 25.00 percent decline in the company's earnings. Sales would have fallen 15.06 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
| EPS Estimate | 0.2 | 0.09 | 0.08 | |
| EPS Actual | 0.81 | 0.19 | 0.21 | 0.08 |
Stock Performance
Over the past 52-week period, shares of Cheetah Mobile have declined 66.61 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate Cheetah Mobile stock as Sell. The strength of this rating has dwindled over the past three months.
Conference Call
Cheetah Mobile is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://78449.choruscall.com/dataconf/productusers/cmcm/mediaframe/30561/indexr.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.