Independence Contract (NYSE:ICD) is set to give its latest quarterly earnings report on Monday, 2022-03-07. Here's what investors need to know before the announcement.

Analysts estimate that Independence Contract will report an earnings per share (EPS) of $-1.30.

Independence Contract 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).

Historical Earnings Performance

Last quarter the company missed EPS by $0.01, which was followed by a 5.34% increase in the share price the next day.

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

Stock Performance

Shares of Independence Contract were trading at $4.15 as of March 02. Over the last 52-week period, shares are down 21.7%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

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