Earnings Preview For T2 Biosystems
Portfolio Pulse from Benzinga Insights
T2 Biosystems (NASDAQ:TTOO) is scheduled to release its quarterly earnings report on February 15, 2024, with an expected EPS of $-2.22. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with share prices fluctuating post-announcement. Currently, T2 Biosystems shares are trading at $6.24, down 92.37% over the last year, indicating a bearish sentiment among long-term shareholders.
February 14, 2024 | 8:02 pm
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T2 Biosystems is expected to report an EPS of $-2.22 for the latest quarter with a focus on future guidance. Historical performance shows mixed reactions to earnings announcements. Shares are significantly down over the past year.
Given the historical volatility in T2 Biosystems' share price post-earnings, the expected EPS of $-2.22 and the focus on future guidance could lead to short-term price fluctuations. However, the significant year-to-date drop suggests underlying bearish sentiment, making it challenging to predict the immediate impact of the earnings report without additional context.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100