MICS Earnings

MICS reported its earnings on 2024-08-23, showcasing a revenue of against an estimate of , resulting in a 0% surprise. The EPS was 0, surpassing the expected 0 by 0%. The stock experienced a 0% price change on the earnings day and a 0% change over the next five days, reflecting market reactions to the results.

Following MICS's earnings announcement on 2024-08-23, the stock price moved by 0% on the day of the release. Over the subsequent five days, it saw a 0% change. Historically, MICS's stock price tends to shift by an average of 0% in the 10 days leading up to earnings and 0% in the 10 days following, providing insight into potential market.

For , analysts estimate MICS's annual revenue to reach undefined, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between MICS's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, MICS's stock price typically moves by 0% in the 10 days before its earnings and 0% in the 10 days after. For the upcoming earnings, analysts expect an EPS of undefined and revenue of undefined.

The earnings call reveals mixed signals. The company showed improved gross profit margins and strategic partnerships, such as with Stingray and Walmart. However, revenue declined due to shipment delays and competitive pressures from Chinese brands. Operating expenses rose, and there were economic challenges in Australia. The Q&A session highlighted management's avoidance of addressing long-term impacts, which may concern investors. Despite some positive developments, uncertainties and missed revenue targets balance out the outlook, leading to a neutral sentiment.