A Preview Of Macrogenics's Earnings
Portfolio Pulse from Benzinga Insights
Macrogenics (NASDAQ:MGNX) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an EPS of $-0.09. The company's past performance shows it beat EPS by $1.44 last quarter, leading to a 24.3% increase in share price. However, the stock has been down 17.83% over the last 52-week period.
November 03, 2023 | 7:01 pm
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Macrogenics is expected to report an EPS of $-0.09 in its upcoming earnings. The company's stock price increased by 24.3% after beating EPS last quarter, but has been down 17.83% over the last year.
The upcoming earnings report is highly relevant to Macrogenics' stock. While the company's past performance of beating EPS estimates has led to significant share price increases, the overall negative return over the past year indicates a bearish sentiment among long-term shareholders. The impact of the earnings report will depend on whether the company beats the EPS estimate and provides positive guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100