China Automotive Systems CAAS is set to give its latest quarterly earnings report on Friday, 2022-08-12. Here's what investors need to know before the announcement.
Analysts estimate that China Automotive Systems will report an earnings per share (EPS) of $-0.05.
China Automotive Systems 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 $0.07, which was followed by a 1.03% increase in the share price the next day.
Here's a look at China Automotive Systems's past performance and the resulting price change:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
|Price Change %||1.03%||-1.29%||-5.23%||-2.89%|
Shares of China Automotive Systems were trading at $2.95 as of August 10. Over the last 52-week period, shares are down 25.31%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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