Earnings Preview: Quanterix
Portfolio Pulse from Benzinga Insights
Quanterix (NASDAQ:QTRX) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an expected EPS of $-0.32. Analysts and investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Quanterix has surpassed EPS estimates, leading to varying stock price reactions. The stock has seen a 115.35% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
February 28, 2024 | 5:02 pm
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POSITIVE IMPACT
Quanterix is expected to report an EPS of $-0.32 for the quarter. Historical performance shows potential for an earnings beat and positive stock reaction. The stock has significantly appreciated over the past year, indicating strong investor confidence.
Given Quanterix's history of surpassing EPS estimates and the subsequent positive reactions in its stock price, there is a high likelihood of a positive short-term impact on QTRX's stock price if the company beats the EPS estimate again and provides favorable guidance. The stock's significant year-over-year increase further supports investor confidence, potentially amplifying the positive reaction to a favorable earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100