Earnings Outlook For Ardelyx
Portfolio Pulse from Benzinga Insights
Ardelyx (NASDAQ:ARDX) is set to release its latest quarterly earnings report on August 2, 2023. Analysts estimate an earnings per share (EPS) of $-0.12. The company's past performance shows a pattern of EPS misses followed by share price increases. Shares of Ardelyx were trading at $3.94 as of July 31, with a 52-week increase of 402.75%.
August 04, 2023 | 10:07 am
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Ardelyx is expected to report an EPS of $-0.12. Despite past EPS misses, the company's share price has generally increased. The stock was trading at $3.94 as of July 31, with a 52-week increase of 402.75%.
Ardelyx's earnings report is a key event that could impact its stock price. While the company has a history of missing EPS estimates, this has generally been followed by an increase in share price. This suggests that investors may be focusing more on other aspects of the company's performance or future prospects. Given the 402.75% increase in the stock price over the last 52 weeks, investors appear to be bullish on the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100