Alvotech's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Alvotech (NASDAQ:ALVO) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts estimating an EPS of $0.04. The company's past performance shows mixed results with both positive and negative EPS in previous quarters. Shares of Alvotech were trading at $15.03 as of March 18, reflecting an 11.88% increase over the last 52 weeks. Investors are advised to pay attention to the company's guidance for future growth, which can significantly impact stock prices.
March 19, 2024 | 2:01 pm
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Alvotech is expected to report an EPS of $0.04 for the latest quarter. The stock has seen an 11.88% increase over the last 52 weeks, trading at $15.03 as of March 18. Future guidance will be crucial for investors.
Given Alvotech's positive stock performance over the last year and the anticipation of an earnings report that meets or exceeds expectations, the short-term impact is likely positive. However, the company's guidance for future quarters will play a critical role in determining the stock's direction. The historical data suggests that guidance has a significant impact on stock price movements post-earnings announcement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100