Biogen Earnings Preview
Portfolio Pulse from Benzinga Insights
Biogen (NASDAQ:BIIB) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an earnings per share (EPS) of $3.77. Last quarter, the company beat EPS by $0.12, resulting in a 1.99% increase in the share price the next day. Shares of Biogen were trading at $276.74 as of July 21, with a 31.73% increase over the last 52-week period.
July 24, 2023 | 2:01 pm
News sentiment analysis
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POSITIVE IMPACT
Biogen is expected to report an EPS of $3.77 in its upcoming earnings. The company's previous EPS beat led to a 1.99% increase in share price. The stock has seen a 31.73% increase over the last 52 weeks.
The anticipation of Biogen's earnings report and the potential for an EPS beat, as seen in the previous quarter, could drive the stock price up. The company's strong performance over the last 52 weeks also indicates a positive market sentiment towards the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100