Align Tech's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Align Tech (NASDAQ:ALGN) is expected to report an EPS of $2.16 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Align Tech's stock price has been significantly affected by its earnings performance, with a 24.88% drop after missing EPS last quarter. Over the past year, the stock has declined by 5.67%. The earnings report could be a pivotal moment for investor sentiment.
January 30, 2024 | 3:02 pm
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NEUTRAL IMPACT
Align Tech is anticipated to report an EPS of $2.16. A beat or positive guidance could positively impact the stock, while a miss, similar to last quarter's, could lead to a significant price drop.
The stock price of ALGN has shown sensitivity to earnings reports, especially when there's a deviation from expected results. Given the historical impact of earnings performance on the stock price, the upcoming report could lead to a similar short-term movement. However, the score is neutral (0) because the direction of the impact will depend on whether the actual EPS meets, exceeds, or falls short of the estimate, and on the guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100