Durect's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Durect Corporation (NASDAQ:DRRX) is scheduled to release its quarterly earnings report on March 27, 2024, with analysts expecting an EPS of $-0.33. The company's past performance shows a pattern of beating EPS estimates, which has occasionally led to positive stock price movements the following day. However, Durect's stock has declined by 70.14% over the last year, indicating a bearish outlook among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 26, 2024 | 4:01 pm
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Durect Corporation is anticipated to announce its quarterly earnings with an expected EPS of $-0.33. Historical data shows its ability to beat EPS estimates, potentially influencing stock price positively. However, a significant annual decline in stock price reflects a bearish long-term sentiment.
Durect's upcoming earnings report is critical due to its history of beating EPS estimates, which could lead to short-term positive stock movement. However, the overall bearish sentiment, reflected by a 70.14% decline over the past year, suggests that any positive impact might be tempered. The company's guidance will be crucial in determining the stock's direction.
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