Earnings Outlook For MEI Pharma
Portfolio Pulse from Benzinga Insights
MEI Pharma (NASDAQ:MEIP) is set to release its latest quarterly earnings report on Tuesday, 2023-09-26. Analysts estimate an earnings per share (EPS) of $-2.41. The company's stock performance has been generally negative over the last 52-week period, with shares down 8.77%. Last quarter, the company beat EPS by $0.55, resulting in a 0.57% increase in the share price the next day.
September 25, 2023 | 2:01 pm
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NEGATIVE IMPACT
MEI Pharma is expected to report an EPS of $-2.41 in its upcoming earnings report. The company's shares have been on a downward trend, decreasing by 8.77% over the past year.
The company's stock has been on a downward trend, which may continue if the earnings report is not positive. Last quarter's earnings beat led to a slight increase in share price, indicating that the market reacts to the company's financial performance. Therefore, the upcoming earnings report could have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100