A Preview Of Accuray's Earnings
Portfolio Pulse from Benzinga Insights
Accuray (NASDAQ:ARAY) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $-0.05. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Accuray's stock price has shown volatility post-earnings, with both increases and decreases regardless of EPS beats or misses. The stock was trading at $2.86 as of January 29, with a 12.04% increase over the last 52 weeks.
January 30, 2024 | 7:01 pm
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Accuray is expected to report an EPS of $-0.05 for the quarter. Investors will focus on earnings beat and future guidance, which historically have influenced the stock price more than actual earnings results.
The expected EPS is already factored into the stock price, but the guidance provided will be crucial for short-term movement. Historical data shows that Accuray's stock price can be volatile post-earnings, indicating that the market reacts strongly to their reports and guidance. However, the exact direction of the price movement is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100