Iridex's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Iridex (NASDAQ:IRIX) is expected to report a Q4 earnings per share (EPS) of $-0.05 on March 26, 2024. Analysts and investors are keen on whether Iridex will surpass this estimate and provide positive guidance for the next quarter. Historical data shows that Iridex's stock price reacts significantly to earnings performance and guidance. Last quarter, Iridex beat the EPS estimate, resulting in a 6.84% stock price increase. Over the last year, IRIX shares have risen by 28.5%, indicating a bullish outlook from long-term shareholders.
March 25, 2024 | 4:08 pm
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POSITIVE IMPACT
Iridex is anticipated to report a Q4 EPS of -$0.05 on March 26, 2024. Positive performance and guidance could influence the stock positively, as seen in the past. The stock has shown sensitivity to earnings outcomes and guidance, with a 28.5% increase over the last year indicating a bullish sentiment among long-term investors.
Given Iridex's history of stock price sensitivity to earnings performance and guidance, a positive report and outlook could lead to a short-term price increase. The anticipation builds on the company's recent history of surpassing EPS estimates and the positive trend in its stock price over the last year.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100