Earnings Preview For ChromaDex
Portfolio Pulse from Benzinga Insights
ChromaDex (NASDAQ:CDXC) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $-0.03. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by an 11.25% drop. Shares are currently trading at $1.66, down 8.74% over the last year. Investors are looking for positive guidance for the next quarter.
March 05, 2024 | 4:02 pm
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ChromaDex is expected to report an EPS of $-0.03 for the upcoming quarter. Historical data shows varied stock price reactions to earnings reports, with a significant drop following the last quarter's beat.
Given ChromaDex's mixed historical earnings performance and the current expectation of a negative EPS, the short-term impact on CDXC's stock price is uncertain. While a beat might be expected, the company's guidance and the market's reaction to past performances suggest a neutral outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100