Cerebras (CBRS) Stock: What Wall Street Expects from Q2 Earnings Today
TLDR
- Cerebras reports Q2 earnings Wednesday afternoon; analysts expect core revenue of $191 million, up 84% year-over-year
- Wall Street forecasts an adjusted loss of $0.17 per share; no profits expected until next year
- CBRS stock is down more than 25% year-to-date, trading between $162 and $244 since its May IPO
- Options market pricing suggests an 11% rally by end of week, with a put-to-call ratio of 0.56x on Aug. 14 contracts
- Consensus analyst rating is โStrong Buyโ with a mean price target of $282, implying over 20% upside
Cerebras Systems will report its second-quarter earnings on Wednesday afternoon, and Thursday could be another volatile session for CBRS stock.
The stock went public in May at an offering price of $185. It opened at $350 and quickly ran to $386, then sold off hard, bottoming at $161 by end of June. Since then it has bounced around between $162 and $244.
CBRS has moved more than 3% in either direction on 42 of its 61 trading days. That is a lot of volatility for any stock.
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