A Preview Of Inotiv's Earnings
Portfolio Pulse from Benzinga Insights
Inotiv (NASDAQ:NOTV) is scheduled to release its quarterly earnings report on February 7, 2024, with an estimated EPS of $-0.85. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Inotiv's stock performance has been negative over the last year, with a 53.17% decline, and past earnings have shown a mix of misses and beats, affecting the stock price variably.
February 06, 2024 | 7:02 pm
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NEUTRAL IMPACT
Inotiv is expected to report an EPS of $-0.85 for the upcoming quarter. Past performance shows significant stock price movements post-earnings, with a general downward trend over the last year.
Given Inotiv's history of stock price volatility post-earnings and the current negative sentiment from a 53.17% decline over the past year, the upcoming earnings report could maintain the stock's volatility. However, surpassing the EPS estimate and providing positive guidance could potentially counteract the negative trend, making the impact neutral until the actual results are disclosed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100