Earnings Outlook For Veracyte
Portfolio Pulse from Benzinga Insights
Veracyte (NASDAQ:VCYT) is scheduled to release its quarterly earnings report on Thursday, 2024-02-22, with an expected EPS of $-0.09. Analysts and investors are keen on not just the earnings beat or miss but also the company's guidance for future growth. Historically, Veracyte's share price has shown varied reactions to its earnings performance, with a notable 3.58% drop after last quarter's earnings beat. Shares are currently trading at $25.03, reflecting a 1.55% increase over the last 52 weeks.
February 21, 2024 | 5:01 pm
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NEUTRAL IMPACT
Veracyte is expected to report an EPS of $-0.09 for the upcoming quarterly earnings. Historical data shows mixed reactions to earnings announcements, with a recent 3.58% drop after exceeding EPS estimates.
Given Veracyte's history of mixed stock price reactions to earnings announcements, the upcoming report could have a neutral impact. The market's focus might be more on the company's future guidance rather than the earnings beat or miss itself. Historical performance shows that even when beating EPS estimates, the stock price reaction can be unpredictable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100