Durect Earnings Preview
Portfolio Pulse from Benzinga Insights
Durect Corporation (NASDAQ:DRRX) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $-0.42. Investors are looking for an earnings beat and positive guidance for the next quarter. Durect's stock performance has been negative over the last year, with shares down 90.18%. The company's past earnings have occasionally led to share price movements, with the last quarter resulting in a 2.85% increase following an EPS beat.
November 10, 2023 | 7:02 pm
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NEUTRAL IMPACT
Durect is expected to report an EPS of $-0.42 for the upcoming earnings. Historical data shows that earnings beats or misses can influence stock price, with the last beat resulting in a 2.85% increase. However, the stock has seen a significant decline over the past year.
The expected EPS is already factored into the stock price, but any deviation from this expectation could move the stock. Given the past year's negative performance, investor sentiment may be low, which could limit the upside potential even with a positive earnings beat. The importance is high due to the potential for guidance to affect future stock performance, but confidence is not at the maximum because the stock market can be unpredictable, especially with stocks that have had a recent poor performance.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100