Inotiv's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Inotiv (NASDAQ:NOTV) is expected to release its quarterly earnings report on Monday, 2023-12-11, with an estimated EPS of $-0.33. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Inotiv's stock price has shown significant volatility post-earnings, with a 35.63% drop after last quarter's earnings beat. Over the past year, NOTV shares have declined by 26.19%, indicating potential concern among long-term shareholders ahead of the earnings release.
December 08, 2023 | 2:00 pm
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Inotiv is anticipated to report quarterly earnings with an estimated EPS of $-0.33. Investors are focused on earnings performance and future guidance. The stock has experienced significant post-earnings volatility and a general downtrend over the past year.
The estimated EPS suggests that Inotiv may continue to face financial challenges. However, the stock's reaction to the earnings report will largely depend on whether the company beats the estimate and provides positive guidance. The historical volatility in the stock price following earnings reports adds uncertainty to the short-term impact. The long-term downtrend indicates investor skepticism, which could be exacerbated or alleviated by the upcoming earnings release.
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IMPORTANCE 90
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