Earnings Outlook For CareDx
Portfolio Pulse from Benzinga Insights
CareDx (NASDAQ:CDNA) is scheduled to release its quarterly earnings report on February 28, 2024, with an estimated EPS of $-0.27. Historical data shows that CareDx has previously beaten EPS estimates, leading to significant share price movements. The company's stock has declined 41.31% over the last 52 weeks, trading at $8.92 as of February 26. Investors are looking for positive guidance for the next quarter.
February 27, 2024 | 6:02 pm
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CareDx is expected to announce its quarterly earnings with an anticipated EPS of $-0.27. Historical performance shows significant price movements post-earnings, with the stock currently down 41.31% over the last year.
Given CareDx's history of beating EPS estimates and the subsequent stock price reactions, the upcoming earnings report could influence the stock's short-term performance. However, the stock's recent downtrend and the overall negative sentiment over the past year suggest a cautious outlook. The anticipation of future guidance will be crucial for investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100