Top Wall Street Forecasters Revamp Accolade Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Accolade, Inc. (NASDAQ:ACCD) is set to release its Q2 earnings on Oct. 8, with analysts expecting a loss of 44 cents per share and revenue of $105.01 million. Recent analyst ratings have seen price targets cut significantly, reflecting cautious sentiment.
October 04, 2024 | 8:19 am
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Accolade is expected to report a Q2 loss of 44 cents per share, with revenue of $105.01 million. Analysts have significantly cut price targets, indicating cautious sentiment.
The expected loss and significant price target cuts by analysts suggest a negative short-term outlook for Accolade. The company's previous guidance was worse than expected, and the stock has already seen a decline, indicating potential further downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100