A Look Ahead: Weave Communications's Earnings Forecast

Weave Communications (NYSE:WEAV) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-30. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Weave Communications will report an earnings per share (EPS) of $-0.01.

The announcement from Weave Communications is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

In the previous earnings release, the company beat EPS by $0.02, leading to a 9.0% increase in the share price the following trading session.

Here's a look at Weave Communications's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.02

-0.02

-0.03

-0.06

EPS Actual

0

-0.01

-0.01

-0.01

Price Change %

9.0%

-21.0%

-12.0%

21.0%

Weave Communications Share Price Analysis

Shares of Weave Communications were trading at $13.48 as of October 28. Over the last 52-week period, shares are up 91.97%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Weave Communications

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Weave Communications.

The consensus rating for Weave Communications is Outperform, derived from 1 analyst ratings. An average one-year price target of $16.0 implies ...