FREYR Battery's Earnings Outlook

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FREYR Battery FREY is set to give its latest quarterly earnings report on Monday, 2023-05-15. Here's what investors need to know before the announcement.

Analysts estimate that FREYR Battery will report an earnings per share (EPS) of $-0.29.

FREYR Battery bulls will hope to hear the company 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 beat EPS by $0.42, which was followed by a 2.89% drop in the share price the next day.

Here's a look at FREYR Battery's past performance and the resulting price change:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.22 -0.3 -0.26 -0.14
EPS Actual 0.20 -0.2 -0.24 -0.30
Price Change % -2.89% -0.92% 2.38% -2.56%

Stock Performance

Shares of FREYR Battery were trading at $7.23 as of May 11. Over the last 52-week period, shares are down 0.33%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for FREYR Battery 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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