Earnings Preview: Inspire Medical Systems
Portfolio Pulse from Benzinga Insights
Inspire Medical Systems (NYSE:INSP) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 19.66% drop. Shares are currently trading at $218.03, down 14.6% over the last year. Investors will be keenly watching for not just the earnings beat but also the future guidance provided by the company.
February 05, 2024 | 4:01 pm
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NEUTRAL IMPACT
Inspire Medical Systems is expected to report an EPS of $-0.10 for the upcoming quarter. Historical data shows significant stock price movements post-earnings, with a notable 19.66% drop after the last beat. Shares have declined 14.6% over the past year.
Given INSP's history of stock price volatility post-earnings, the upcoming report could go either way. The focus will be on whether they beat the EPS estimate and the forward-looking guidance provided. Past performance indicates that even a beat can lead to a price drop, making the short-term impact uncertain.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100