Earnings Preview: Trevena
Portfolio Pulse from Benzinga Insights
Trevena (NASDAQ:TRVN) is scheduled to release its quarterly earnings report on November 14, 2023, with an expected EPS of $-0.15. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Trevena's stock price has shown varied reactions to past earnings performances, with a notable 2.63% drop after beating EPS last quarter. Over the past year, TRVN shares have declined by 83.53%, indicating a bearish sentiment among long-term shareholders.
November 13, 2023 | 5:02 pm
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NEUTRAL IMPACT
Trevena is expected to report an EPS of $-0.15 for the upcoming earnings, with investors focusing on potential earnings beat and future guidance. The stock has seen an 83.53% decline over the past year, reflecting bearish sentiment.
The expected EPS and the company's guidance will be key factors influencing the stock price in the short term. However, given the stock's past performance and the significant decline over the past year, investor sentiment may already be quite bearish. The historical price reactions to earnings reports suggest that even an earnings beat may not necessarily lead to a positive stock price movement. Therefore, the impact score is neutral, reflecting uncertainty in the stock's reaction to the earnings report.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100