Earnings Outlook For Axonics
Portfolio Pulse from Benzinga Insights
Axonics (NASDAQ:AXNX) is set to release its latest quarterly earnings report on October 30, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows a pattern of EPS misses followed by share price increases. The stock is currently trading at $49.7, down 31.12% over the last 52-week period.
October 27, 2023 | 4:01 pm
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Axonics is expected to report an EPS of $-0.05 in its upcoming earnings. Despite past EPS misses, the stock price has often increased. However, the stock is down 31.12% over the last year, indicating a bearish sentiment among long-term shareholders.
Axonics' upcoming earnings report is highly relevant as it directly impacts the company's stock. The estimated EPS is negative, which usually would indicate a potential decrease in stock price. However, past performance shows that the stock price often increases despite an EPS miss. This suggests that investors may be focusing more on the company's guidance than its earnings. The stock's 31.12% decrease over the last year indicates a bearish sentiment among long-term shareholders, which could impact the stock's performance following the earnings release.
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