Can Veoneer Stock Trade Higher Post Q4?

Veoneer is an American supplier of Swedish automotive technology that manufactures car safety products, based in Stockholm, but registered in Delaware. Today, its stock price is lacking progress by declining %0.60 to $34.66. However, during the month it gradually decreased in price. On February 2, 2022, the company plans to report its earnings, which ended on December 31, 2021. By the way, the company has outperformed consensus earnings estimates three times in the last four quarters. What do analysts’ prognosis?

Veoneer

According to analysts’ forecast, in their upcoming report, the quarterly loss totaled $0.74 per share, which is 9.8% more than last year. At the same time, its revenue will come to 453 million dollars, decreasing by over 0.4% than in the previous quarter. Currently, Veoneer’s total market cap represents about 3,9 billion dollars, respectively. Investors do not always take this into account, but investors should be aware that the direction of adjustments to individual analysts’ estimates may not always be obvious in the aggregate change.