Exscientia Earnings Preview
Portfolio Pulse from Benzinga Insights
Exscientia (NASDAQ:EXAI) is scheduled to release its quarterly earnings report on March 21, 2024, with an expected EPS of $-0.35. Analysts and investors will be looking for the company to beat this estimate and provide positive guidance for the next quarter. Historical data shows that Exscientia's stock price tends to react more to guidance than to earnings beats or misses. In the past, despite beating EPS estimates, the stock price has experienced declines the following day. Currently, shares are trading at $6.23, down 7.23% over the last 52 weeks, indicating general dissatisfaction among long-term shareholders.
March 20, 2024 | 3:01 pm
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Exscientia is expected to report an EPS of -$0.35 for the latest quarter with a focus on beating this estimate and providing positive future guidance. Historical trends show stock price declines following earnings announcements, despite beats. Shares are currently down 7.23% over the last year.
The short-term impact on EXAI's stock price following the earnings report could be neutral to slightly negative, based on historical performance after earnings announcements. Despite potentially beating the EPS estimate, past trends indicate that the stock price has declined following earnings releases, even after beating estimates. The focus on guidance rather than just beating estimates could influence stock performance, but investor sentiment has been generally negative over the past year, as indicated by the 7.23% decline in share price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100