Preview: Chimerix's Earnings
Portfolio Pulse from Benzinga Insights
Chimerix (NASDAQ:CMRX) is scheduled to release its quarterly earnings report on February 29, 2024, with an expected EPS of $-0.24. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for future growth. Despite past fluctuations in share price post-earnings, Chimerix's stock has been down 25.44% over the last year, trading at $1.205 as of February 27.
February 28, 2024 | 7:01 pm
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NEUTRAL IMPACT
Chimerix is expected to report a quarterly EPS of $-0.24 on February 29, 2024. The focus will be on beating this estimate and providing positive future guidance.
Given Chimerix's past performance, where earnings results and guidance have led to significant stock price movements, the upcoming earnings report could have a neutral to positive impact. The anticipation of beating the EPS estimate and providing positive guidance could support the stock. However, the stock's recent downward trend and past volatility post-earnings suggest a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100