Earnings Preview: Societal CDMO
Portfolio Pulse from Benzinga Insights
Societal CDMO (NASDAQ:SCTL) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $-0.02. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company missed EPS by $0.01, resulting in a 9.66% drop in share price. Over the last 52-week period, shares are down 75.97%.
November 07, 2023 | 7:01 pm
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NEGATIVE IMPACT
Societal CDMO's upcoming earnings report could impact its stock price. The company's previous earnings miss led to a significant drop in share price. Long-term shareholders are likely bearish due to the stock's negative returns over the past year.
Societal CDMO's stock price has historically been affected by its earnings performance. Last quarter, the company missed its EPS estimate, which led to a 9.66% drop in share price. Given the company's negative returns over the past year, long-term shareholders are likely bearish going into this earnings release.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100