Benzinga | Nov 23, 2021 10:40AM EST

Chindata Group Holdings's Earnings Outlook

Chindata Group Holdings (NASDAQ:CD) is set to give its latest quarterly earnings report on Wednesday, 2021-11-24. Here's what investors need to know before the announcement.

Analysts estimate that Chindata Group Holdings will likely report an Earnings Per Share (EPS) of $-0.03.

Chindata Group Holdings bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.06, which was followed by a 6.75% drop in the share price the next day.

Here's a look at Chindata Group Holdings's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate -0.01 0.02 -0.04EPS Actual 0.05 0.04 0.04 -0.08Price Change % -6.75% -2.06% 4.03% 1.22%

Stock Performance

Shares of Chindata Group Holdings were trading at $9.79 as of November 22. Over the last 52-week period, shares are down 47.81%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.