Earnings Preview For Illumina
Portfolio Pulse from Benzinga Insights
Illumina (NASDAQ:ILMN) is scheduled to release its quarterly earnings report on February 8, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on whether Illumina will surpass this estimate and provide positive guidance for the next quarter. Illumina's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in an 8.05% drop. Currently, Illumina's shares are down 26.59% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 07, 2024 | 7:00 pm
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Illumina is expected to report an EPS of $0.02 for the upcoming quarter. Historical data shows mixed reactions to past earnings, with a notable 8.05% drop after last quarter's beat. Shares have declined 26.59% over the past year, reflecting bearish sentiment.
Given Illumina's history of mixed stock price reactions to earnings reports and the current bearish sentiment indicated by a 26.59% decline over the past year, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings beat and guidance could provide a boost, the historical data suggests that investor reactions can be unpredictable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100