InMode's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
InMode (NASDAQ:INMD) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $0.67. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates and resulting in a 1.29% share price drop. Shares are currently trading at $25.96, down 29.15% over the last year, indicating a bearish sentiment among long-term shareholders.
February 12, 2024 | 4:01 pm
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InMode is expected to announce its quarterly earnings with an anticipated EPS of $0.67. Historical performance shows sensitivity to earnings announcements, with a recent miss leading to a 1.29% price drop. Currently, shares are down 29.15% over the past year, reflecting a bearish sentiment.
Given InMode's history of stock price sensitivity to earnings announcements and guidance, the upcoming report could maintain the stock's volatility. However, the anticipation of a $0.67 EPS and the market's focus on forward guidance rather than just beating or missing estimates suggest a neutral outlook. The significant year-to-date decline in share price reflects existing bearish sentiment, potentially limiting the downside from any negative surprises but also making positive news a possible catalyst for recovery.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100