Ascendis Pharma's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Ascendis Pharma (NASDAQ:ASND) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-2.15. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates and causing a 1.47% drop in share price. Over the last year, ASND shares have increased by 24.54%, indicating positive long-term shareholder sentiment. Investors will be keenly watching for not only the earnings outcome but also the company's future guidance.
February 06, 2024 | 5:01 pm
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NEUTRAL IMPACT
Ascendis Pharma is expected to announce its quarterly earnings with an anticipated EPS of $-2.15. Historical performance shows variable stock price reactions to earnings reports. With a 24.54% increase in share price over the last year, investor sentiment appears positive.
Given the mixed historical reactions to Ascendis Pharma's earnings reports, the short-term impact on ASND's stock price is uncertain. However, the overall positive yearly performance and investor sentiment could mitigate negative impacts, suggesting a neutral outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100