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Benzinga
49 days

Top Wall Street Forecasters Revamp Saratoga Investment Expectations Ahead Of Q1 Earnings

1. SAR's Q1 earnings expected at 72 cents, down from $1.05 last year. 2. Projected quarterly revenue is $32.79 million, decreased from $38.68 million. 3. Stock closed at $24.80 after gaining 0.5% on Monday. 4. Analysts have downgraded SAR's rating, indicating concerns over performance. 5. Analyst's average price target is now $24.25, reduced from $25.25.

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FAQ

Why Bearish?

The downgrade and reduced earnings expectations suggest declining investor confidence. Historical trends show price drop after similar earnings downward revisions.

How important is it?

Upcoming earnings significantly affect stock performance; analysts' ratings directly impact investor decisions.

Why Short Term?

Immediate earnings release and analyst downgrades will affect short-term investor sentiment.

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