Published on 1 Nov 2023 on Zacks via Yahoo Finance

Edgio (EGIO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

The market expects Edgio (EGIO) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.