A Look Ahead: Akamai Techs's Earnings Forecast

Akamai Techs (NASDAQ:AKAM) is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Akamai Techs to report an earnings per share (EPS) of $1.59.

The announcement from Akamai Techs 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.

Past Earnings Performance

Last quarter the company beat EPS by $0.05, which was followed by a 10.86% increase in the share price the next day.

Here's a look at Akamai Techs's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.53

1.61

1.60

1.50

EPS Actual

1.58

1.64

1.69

1.63

Price Change %

11.0%

-11.0%

-8.0%

2.0%

Market Performance of Akamai Techs's Stock

Shares of Akamai Techs were trading at $100.96 as of November 05. Over the last 52-week period, shares are down 8.04%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Views on Akamai Techs

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Akamai Techs.

The consensus rating for Akamai Techs is Buy, based on 8 analyst ratings. With an average one-year price ...