Earnings Preview For Enanta Pharma
Portfolio Pulse from Benzinga Insights
Enanta Pharma (NASDAQ:ENTA) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts expecting an EPS of $-1.19. Historical data shows that the company's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, ENTA beat the EPS estimate, resulting in an 11.52% stock price increase the following day. However, over the last year, ENTA's shares have declined by 75.66%, indicating potential investor concern ahead of the earnings announcement.
February 06, 2024 | 6:02 pm
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Enanta Pharma is expected to report an EPS of $-1.19 for the upcoming quarter. Historical performance indicates potential for stock price movement based on earnings outcome and guidance provided.
Given ENTA's history of stock price volatility post-earnings announcements, especially with guidance playing a crucial role, the short-term impact is uncertain but noteworthy. The stock's significant decline over the past year adds to investor caution, making the upcoming earnings report particularly pivotal for short-term price movement.
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IMPORTANCE 90
RELEVANCE 100