Alkermes's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Alkermes (NASDAQ:ALKS) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $0.51. The company's past performance shows a history of beating EPS estimates, leading to positive stock price movements. Shares are currently trading at $27.23, marking a 5.13% increase over the last 52 weeks. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 14, 2024 | 4:01 pm
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Alkermes is expected to report an EPS of $0.51 for the quarter, with a history of beating estimates and positive stock price reactions following earnings announcements. Shares have risen 5.13% over the past year.
Given Alkermes's history of beating EPS estimates and the positive stock price reaction that typically follows, there is a strong likelihood of a positive short-term impact on ALKS's stock price, especially if the company provides favorable future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100