Earnings Preview: InflaRx
Portfolio Pulse from Benzinga Insights
InflaRx (NASDAQ:IFRX) is scheduled to release its quarterly earnings report on March 21, 2024, with analysts expecting an EPS of $-0.20. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 13.58% drop. Shares are currently trading at $1.69, down 11.44% over the last year. Investors will be keenly watching for the earnings outcome and any forward guidance provided.
March 20, 2024 | 5:01 pm
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NEUTRAL IMPACT
InflaRx is expected to report an EPS of $-0.20 for the upcoming quarter. Historical data shows its stock price reacts variably to earnings reports, with the last beat followed by a significant drop. Shares have declined over the past year, indicating investor caution.
Given InflaRx's history of mixed stock price reactions to earnings reports, the upcoming announcement could go either way. The expected EPS of $-0.20 and the company's guidance will be crucial for short-term stock movement. However, the consistent decline in share price over the past year suggests underlying investor concerns that may temper any positive reaction to an earnings beat.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100