Earnings Outlook For Definitive Healthcare
Portfolio Pulse from Benzinga Insights
Definitive Healthcare (NASDAQ:DH) is scheduled to release its quarterly earnings report on February 28, 2024, with an expected EPS of $0.08. Historically, the company has surpassed EPS estimates, leading to significant share price movements. Last quarter, DH beat the EPS estimate by $0.03, resulting in a 19.97% share price increase the following day. Over the past year, DH shares have declined by 16.33%, indicating a bearish sentiment among long-term shareholders.
February 27, 2024 | 5:01 pm
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POSITIVE IMPACT
Definitive Healthcare is expected to report an EPS of $0.08 for the upcoming quarter. Historically, surpassing EPS estimates has positively impacted DH's share price, as seen with a 19.97% increase after last quarter's earnings beat.
Given DH's history of surpassing EPS estimates and the subsequent positive impact on its share price, there is a strong likelihood of a positive short-term price movement if the company beats the EPS estimate again. However, the overall bearish sentiment due to the 16.33% decline over the past year suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100