Preview: Elutia's Earnings
Portfolio Pulse from Benzinga Insights
Elutia (NASDAQ:ELUT) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $-0.28. Analysts and investors are keen on whether Elutia will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Elutia's stock price reacts significantly to earnings performance and guidance. Last quarter, Elutia beat the EPS estimate, resulting in an 11.64% stock price increase. Over the past year, Elutia's shares have declined by 14.36%.
March 06, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Elutia is expected to announce its quarterly earnings with an anticipated EPS of $-0.28. Historical performance suggests a potential stock price movement based on the earnings outcome and future guidance.
Elutia's stock price has historically reacted to its earnings performance and guidance, with significant movements observed in both directions. Given the anticipation around beating the EPS estimate and providing positive future guidance, there could be notable short-term price volatility. However, the overall negative yearly performance and the uncertainty around the actual earnings outcome make the short-term impact direction unclear, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100