Evogene Earnings Preview
Portfolio Pulse from Benzinga Insights
Evogene (NASDAQ:EVGN) is scheduled to release its quarterly earnings report on March 7, 2024, with an expected EPS of $-0.14. Investors are hopeful for a beat on this estimate and positive future guidance. Historical data shows that Evogene's stock price reacts more significantly to guidance than to earnings beats or misses. In the past, EPS beats have led to varied stock price movements, with the most recent quarter showing a 0.67% increase following an EPS beat.
March 06, 2024 | 6:02 pm
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NEUTRAL IMPACT
Evogene is expected to report an EPS of -$0.14 for the upcoming quarter. Historical performance indicates potential stock price movement based on earnings outcome and future guidance.
Evogene's stock price has historically shown sensitivity to both its earnings performance and the guidance provided for future quarters. Given the anticipation of an EPS report of -$0.14 and the company's history of beating estimates, there could be a positive reaction if these expectations are exceeded and if optimistic guidance is provided. However, the mixed historical price reactions to past earnings reports suggest a cautious approach, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100