A Preview Of Assertio Holdings's Earnings
Portfolio Pulse from Benzinga Insights
Assertio Holdings (NASDAQ:ASRT) is set to release its latest quarterly earnings report on November 8, 2023. Analysts estimate an earnings per share (EPS) of $0.11. The company's stock price has historically been affected by its earnings performance and guidance. Last quarter, the company beat EPS by $0.05, which was followed by a 45.61% drop in the share price. Over the last 52-week period, shares are down 17.23%.
November 07, 2023 | 7:02 pm
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Assertio Holdings is expected to announce its Q3 earnings. The company's stock price has been historically affected by its earnings performance and guidance. Last quarter's EPS beat led to a significant drop in share price.
Assertio Holdings' stock price has shown to be significantly affected by its earnings performance. Given that the company's last EPS beat was followed by a substantial drop in share price, and the overall negative trend in the stock's performance over the past year, it is likely that the upcoming earnings announcement could have a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100