Imunon's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Imunon (NASDAQ:IMNN) is expected to release its quarterly earnings report on Tuesday, 2023-11-14, with an estimated EPS of $-0.66. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Imunon's stock price has shown mixed reactions to earnings reports, with a 4.13% drop after beating EPS last quarter. Over the past 52 weeks, IMNN shares have declined by 37.16%, indicating a bearish sentiment among long-term shareholders.
November 13, 2023 | 3:01 pm
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Imunon is set to report earnings with an anticipated EPS of $-0.66. Past earnings have led to volatile stock movements, and long-term performance shows a significant decline. Investors will focus on earnings beat and forward guidance.
The short-term impact on IMNN's stock price will likely hinge on whether the company beats the earnings estimate and provides positive guidance. Historical data shows that even an earnings beat can result in a stock price drop, indicating that investor reactions can be unpredictable. The long-term bearish trend may temper any positive short-term movements unless the earnings report significantly exceeds expectations.
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IMPORTANCE 90
RELEVANCE 100