Assertio Holdings's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Assertio Holdings (NASDAQ:ASRT) is scheduled to release its quarterly earnings report on March 11, 2024, with an estimated EPS of $-0.02. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, leading to significant price changes. Shares have declined 82.06% over the last 52 weeks, indicating negative sentiment among long-term shareholders. Investors will be closely watching for the earnings outcome and future guidance.
March 08, 2024 | 3:01 pm
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NEGATIVE IMPACT
Assertio Holdings is expected to report an EPS of $-0.02 for the upcoming quarter. Historical data shows substantial price fluctuations following earnings announcements, with a notable 82.06% decline in share price over the past year.
Given Assertio Holdings' history of significant share price movements post-earnings and the overall negative trend in the past year, it's likely that the upcoming earnings report could lead to further downside if the company fails to meet or exceed the estimated EPS and provide positive guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100