Earnings Outlook For InnovAge Holding
Portfolio Pulse from Benzinga Insights
InnovAge Holding (NASDAQ:INNV) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $-0.03. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to subsequent drops in share price. Shares are currently trading at $5.64, reflecting a 24% decline over the last year. Investors are looking for positive guidance for the next quarter to potentially influence the stock's performance.
February 05, 2024 | 8:01 pm
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InnovAge Holding is expected to report an EPS of $-0.03 for the upcoming quarter. Historical performance shows a trend of not meeting EPS estimates, affecting the stock price negatively. Currently, shares are down 24% over the last year.
Given InnovAge Holding's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it is likely that any deviation from the expected EPS could lead to a further decline in the short term. The stock's current year-over-year decline of 24% indicates a bearish sentiment among investors, which could be exacerbated by disappointing earnings or guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100