A Preview Of Cognition Therapeutics's Earnings
Portfolio Pulse from Benzinga Insights
Cognition Therapeutics (NASDAQ:CGTX) is scheduled to release its quarterly earnings report on 2024-03-26, with an estimated EPS of $-0.34. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, CGTX has shown a mixed reaction to earnings reports, with share price movements varying post-announcement. Currently, shares are trading at $1.81, down 10.78% over the last 52 weeks.
March 25, 2024 | 4:05 pm
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Cognition Therapeutics is expected to report an EPS of $-0.34 for the latest quarter, with historical performance showing potential for post-earnings share price movement.
Given CGTX's history of mixed share price reactions post-earnings and the current anticipation of beating the EPS estimate along with positive future guidance, the short-term impact on CGTX's stock price is uncertain. Historical data shows both increases and decreases in share price following earnings announcements, suggesting that investor reaction could vary. The current trading price reflects a downtrend, indicating investor caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100