Earnings Preview For Compass Pathways
Portfolio Pulse from Benzinga Insights
Compass Pathways (NASDAQ:CMPS) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $-0.33. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the last quarter's miss leading to a 7.73% share price increase the following day. Shares have risen 48.89% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
February 28, 2024 | 5:01 pm
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POSITIVE IMPACT
Compass Pathways is expected to report an EPS of $-0.33 for the quarter. Historical performance shows variable stock price reactions to earnings reports. With a 48.89% increase in share price over the last year, investor sentiment appears positive.
Given the anticipation of the earnings report and the historical positive trend in share price, especially after the last quarter's earnings miss, there is a likelihood of a positive short-term impact on CMPS's stock price. The investor focus on surpassing the EPS estimate and the guidance for the next quarter further supports this outlook. However, the mixed historical reactions to earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100