Earnings Preview For Exelixis
Portfolio Pulse from Benzinga Insights
Exelixis (NASDAQ:EXEL) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.22. The company's past earnings performance shows mixed results, with a notable 4.23% drop in share price following an EPS miss last quarter. Shares are currently trading at $21.49, reflecting a 24.15% increase over the last 52 weeks. Investors are keenly awaiting the report, hoping for positive guidance for future growth.
February 05, 2024 | 7:01 pm
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NEUTRAL IMPACT
Exelixis is expected to report an EPS of $0.22 for the upcoming quarter. Historical performance shows volatility in stock price post-earnings, with a significant 4.23% drop after last quarter's miss. Shares have risen 24.15% over the past year, indicating positive investor sentiment.
Given Exelixis's mixed historical earnings performance and the significant impact of guidance on stock price, the upcoming earnings report could maintain the current stock price or lead to minor fluctuations. The anticipation of positive guidance, despite past volatility, supports a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100