Inogen Earnings Preview
Portfolio Pulse from Benzinga Insights
Inogen (NASDAQ:INGN) is scheduled to release its quarterly earnings report on February 27, 2024, with analysts expecting an EPS of $-0.62. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Inogen's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 1.14% drop. Shares are currently trading at $9.19, down 40.97% over the last year, indicating a negative sentiment among long-term shareholders.
February 26, 2024 | 8:01 pm
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Inogen is expected to report an EPS of $-0.62 for the upcoming earnings, with investors looking for positive guidance. The stock has seen a 40.97% decline over the past year, indicating negative sentiment.
The expected EPS and the anticipation of positive guidance are crucial for short-term stock movement. However, given the stock's past performance and the mixed impact of earnings reports on its price, the short-term impact is uncertain. The significant yearly decline indicates a bearish sentiment, but a positive earnings surprise could provide some uplift.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100