Earnings Preview: Xencor
Portfolio Pulse from Benzinga Insights
Xencor (NASDAQ:XNCR) is scheduled to release its quarterly earnings report on February 27, 2024, with an estimated EPS of $-0.09. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. Xencor's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 7.01% drop. Shares are currently trading at $24.47, down 21.16% over the last year, indicating a bearish sentiment among long-term shareholders.
February 26, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Xencor is expected to report an EPS of $-0.09 for the latest quarter. Historical data shows mixed reactions to past earnings, with a notable 7.01% drop after last quarter's beat. The stock has been bearish with a 21.16% decline over the past year.
Given Xencor's mixed historical stock performance post-earnings and the current bearish sentiment reflected by a 21.16% annual decline, the short-term impact is uncertain. The market's reaction may hinge on whether Xencor beats the EPS estimate and provides positive future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100