Cadre Holdings, Inc. (CDRE) experienced a significant pre-market decline of 5.55% on Wednesday, as investors reacted to the company's upcoming quarterly earnings announcement scheduled for later in the day.

According to the earnings calendar, Cadre Holdings is set to report its fourth-quarter results after the market closes, with analysts expecting earnings per share of $0.40. The pre-market sell-off suggests investor caution or negative sentiment building ahead of the official release, which is a common occurrence as traders position themselves based on earnings expectations and market rumors.

The broader market often sees increased volatility around earnings season, with individual stocks experiencing sharp movements in pre-market and after-hours trading as investors digest scheduled corporate announcements and adjust their positions accordingly.