Earnings Preview: Invitae
Portfolio Pulse from Benzinga Insights
Invitae (NYSE:NVTA) is set to release its latest quarterly earnings report on Wednesday, 2023-11-08. Analysts estimate an EPS of $-0.31. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price. Over the last 52-week period, shares are down 69.14%.
November 07, 2023 | 4:02 pm
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NEGATIVE IMPACT
Invitae's upcoming earnings report could impact its stock price. Despite beating EPS estimates in the past, the share price has typically dropped. Over the last year, shares are down 69.14%.
Invitae has a history of beating EPS estimates but experiencing a drop in share price. Given this trend and the fact that shares are down 69.14% over the last 52-week period, it's likely that the upcoming earnings report could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100