Avantor's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Avantor (NYSE:AVTR) is set to release its quarterly earnings report on 2023-07-28, with analysts estimating an EPS of $0.29. The company's past performance shows a pattern of share price drops following earnings releases, even when beating estimates. The stock is currently trading at $23.33, down 19.94% over the last 52-week period.
July 27, 2023 | 4:02 pm
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NEGATIVE IMPACT
Avantor's upcoming earnings release could potentially impact its stock price, which has historically dropped following earnings announcements. The stock is currently down 19.94% over the past year.
Avantor's stock price has historically dropped following earnings releases, even when the company has beaten EPS estimates. Given this pattern and the current negative trend of the stock, it's likely that the upcoming earnings release could lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100