Earnings Preview For Zai Lab
Portfolio Pulse from Benzinga Insights
Zai Lab (NASDAQ:ZLAB) is set to release its latest quarterly earnings report on August 7, 2023. Analysts estimate an earnings per share (EPS) of $-0.74. The company's past performance shows a pattern of beating EPS estimates, which has often led to an increase in share price. However, the stock has been on a downward trend, with shares down 41.29% over the last 52-week period.
August 04, 2023 | 3:34 pm
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Zai Lab is expected to report an EPS of $-0.74. Despite past EPS beats, the stock has been on a downward trend, with shares down 41.29% over the last 52-week period.
Zai Lab has a history of beating EPS estimates, which typically leads to a short-term increase in share price. However, the overall trend for the stock has been negative, with shares down 41.29% over the last year. This suggests that despite potential positive earnings news, the broader market sentiment towards Zai Lab is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100